Happy Labor Day - Sept 3 2018

Did you know?

The first “labor day” assembly in America was held September 5, 1882, when roughly 10,000 working people marched in New York City to urge labor law reforms. Labor Day became a national holiday in 1894.

Nearly 50% of Americans work remotely at least some of the time. For those who do not work remotely, the average commute time nationwide is 26.6 minutes.

There was once a rule of fashion — still adhered to by some today — that white clothing and shoes should not be worn after Labor Day. This may have had its origin in the U.S. Navy, where dress whites were exchanged for dress blues after Labor Day.

Related Articles

The monetary authority of the United States, the Federal Reserve, meets 8 times a year to discuss the economy and adjust monetary policy to promote maximum employment and maintain price stability (inflation). The Fed, led by Chairman Jerome Powell, met this past Wednesday and decided to leave the Fed Funds…
Read More of the post Thank You, Mr. Powell

Volatility has disappeared in the financial markets and a sense of calm and complacency has emerged. Why? Well, thanks to the Fed, and to reduced threat of inflation and higher rates, both stocks and bond prices are moving higher. For 2019, home loan rates have been stable at one-year lows,…
Read More of the post Word of the Day: Complacency

“It's a small world after all.” If inflation moves lower — or is expected to move lower — rates must go lower as well. That's the situation right now. The financial markets and interest rates also follow inflation on a global scale. Why is this important to homeowners? If disinflation…
Read More of the post Disinflation Washes Up On Our Shores

This past week, the Bureau of Economic Analysis (BEA) reported the U.S. economy, as defined by Gross Domestic Product (GDP), grew at a 2.6% rate in the fourth quarter of 2018. Economists and the markets were expecting 2.0% to 2.3%, so this was a nice upside surprise. This left GDP…
Read More of the post U.S. Economy Showing Solid Growth