Financial Foundations

SEASON: 2
EPISODE: 10

December Market Recap: The Fed Held Rates, Consumers Keep Spending, Mortgage Rates Decline, And More

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In this episode, Alex Wolfe, Head of Financial Planning at Base Wealth Management, provides a rapid fire recap of the latest market news.

Topics include the Fed’s projection for 2024, its caution against lowering interest rates too hastily to prevent persistent inflation, and the surprisingly strong consumer spending patterns despite retailer’s lower guidance for the holiday season.

Wolfe also mentions the bond and interest rate markets’ anticipation of future rate cuts, the decrease in mortgage rates, and the rise in mortgage applications.

Additionally, he touches on the easing inflation due to a decrease in oil and energy prices, and the rising cost of groceries going into 2024.

Email your questions to question@basewealthmanagement.com or visit basewealthmanagement.com for more information. Stream on your favorite podcast app to stay financially informed.

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2022 Tax Document Information

As a Base Wealth Management client, you should receive your paper tax documents via mail in the coming weeks. Or, if you previously had an online account with Pershing’s NetX360, you should be able to access your 2022 tax documents through that portal. 

If not, or if you experience any issues, please reach out to Tim O’Brien (tim.obrien@intervestintl.com).

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