Compass Capital Management

12/31/2021

12/29/2021

The Federal Reserve will end bond buying and pandemic support measures by March 2022, and has planned for 3 rate hikes by the end of 2022. Reuters has the details @ https://reut.rs/3oZgtah

The Federal Reserve said on Wednesday it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022 as the economy nears full employment and the U.S. central bank copes with a surge of inflation.

12/22/2021

The Federal Reserve is preparing to pivot if inflation doesn’t slow as expected in the second half of next year. Reuters has the details @ https://reut.rs/3ruNSeO

The U.S. central bank needs tobe ready to respond to the possibility that inflation may not recede in the second half of next year as most forecasters currently expect, Federal Reserve Chair Jerome Powell said on Wednesday.

12/20/2021

Manufacturing in the U.S. continued to grow in November, despite ongoing supply chain challenges. AP News has the details @ https://bit.ly/3ddpWUZ

SILVER SPRING, Md. (AP) — U.S. manufacturing activity grew at a faster pace in November with producers trying to keep up with demand amid ongoing supply shortages and delays. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its index of manufacturing a...

12/17/2021

Retailers are hoping this year’s holiday shopping will put them in the green, but supply chain issues and lower consumer spending may have them seeing red. AP News has the details @ https://cnb.cx/3xNyM54

Target, Walmart and other retailers hope to propel strong holiday shopping into December, despite a wave of early purchases and fears over the omicron variant.

12/10/2021

If you’re planning on changing jobs, don’t forget about moving over your retirement plan. CNBC has the details @

If you leave your job, be sure you know how your departure would affect your 401(k) account and what your options are for handling the money.

12/08/2021

Mortgage rates have fallen below 3%, but rising home prices are taking away any savings from home buyers. MarketWatch has the details @ https://on.mktw.net/2YCKS3Y

The median home price increased in 99% of markets nationwide during the third quarter.

12/06/2021

The IRS has released the new contribution limits for 401(k)s and IRAs for 2022. CNBC has the details @ https://cnb.cx/3Cbz5Y2

Savers can stash away an extra $1,000 in their 401(k)s in 2022, the IRS announced. IRA contribution limits remain unchanged from 2021.