Nowcast: 5.07%

The New York Fed Staff Nowcast stands at 5.1% for 2021:Q2.News from this week’s data releases decreased the nowcast for 2021:Q2 by 0.2 percentage point.Negative impacts from ISM manufacturing survey and employment data accounted for most of the decrease. Nowcasting Report - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)

Only compounded returns can be spent, not average returns

The difference between average and compounded returns for investors is depicted in this graph. The effect of negative numbers and the impact of uncertainty as determined by the variability within a series of returns are the two concerns examined. Both of these problems have the potential to devastate investors' actual returns as compared to the … Continue reading Only compounded returns can be spent, not average returns