Inside the Economy: Unemployment & Personal Savings

This week on “Inside the Economy”, we look at unemployment and personal savings. Unemployment has continued to be a driver for the Fed decisions and after recently ticking back up, the unemployment rate has begun to slide down. What is causing such a robust employment market? With inflation on its slow decline, we are starting to see personal savings begin to move upward. How does the housing and rental market play a role in this going forward? Tune in to learn about this and more!

Key Takeaways:

• Q1 GDP revised up to 2
• 2-year bond approaches 5%
• Oil moves back above $70
• Mortgage rates cross over 6.8%