Financial and Economic Brief - February 1, 2022by © Liberty Publishing, Inc.
The Fed is Closing in on the First Rate Hike of 2022 – Be prepared!
Fed Chaiman Jerome Powell just announced, what almost every American already knew, and that is, inflation has not come down on its own thus a rate hike is probably justified in March. Prior to his latest remarks the markets have been reacting and readjusting to what has been expected for some time. In addition, the Fed will be reducing its bond buying support. Many economic pundits are predicting that the actions of the Fed will reduce demand for housing and home prices should realistically readjust to more conservative growth rates. It is the uncertainty of the markets, inventory and supply chain interruptions that have created a great deal of apprehension among working Americans. The Fed’s goal is to “Tame the Beast” or rather, the US Economy.
The Lucid Air is Giving Tesla Electric Vehicles a Run!
The electric vehicle industry is running on all cylinders, or more accurately, on all batteries! The newest entry into this fast-paced industry is Lucid Motors; an IPO darling that has created a real buzz among auto enthusiasts and investors as well. And, while investment choices are something that we believe individuals make on their own, calling attention to Lucid Motors’ actual vehicle advantages is probably of interest to many forward-looking electric vehicle proponents. Why should you familiarize yourself with this new electric vehicle challenger? Simple, the company started off with 10,000 reservations for the Lucid Air. That is about $900 Billion in sales. Ultimately, Lucid touts’ better battery efficiency and price compared to Tesla and several other EV brands. Lucid has that “Checkered Flag” in sight.
Tightened Belts Causing Many Individuals to Reassess Dental Insurance Coverage
How do individuals and families, who are affected by increasing inflation, analyze their budgets in order to determine if they are maximizing their outlay for insurance. Under the microscope today is dental insurance coverage paid for by individuals vs group dental coverage provided by employers. Is there an upside to having individual and family dental coverage? There potentially could be, however, dental insurance carriers have several coverage limits which are making buyers look twice, and many are not smiling with those pearly whites. There are deductibles, co-insurance limits and overall plan maximums that cap off the benefits that you may receive. You need to do a cost benefit analysis to determine if it works for you and your family.