CPI Takeaway and What the Fed Decision Means
By John Lau, CPA, CFP®, M.S.(Tax) December 15, 2022 – CPI on Tuesday declined to 7.1% year-over-year – another sign of disinflation from the previous CPI reading at 7.7% (October) and 8.2% (September). While the CPI report makes the idea of disinflation more concrete, 7.1% is still much too high and Tuesday’s report really doesn’t […]
Robertson Stephens Wealth Management, LLC Hits $4bn AUM as It Continues to Expand in the Bay Area
LFS Wealth Advisors joins; Robertson Stephens Wealth Management, LLC opens its fifth and sixth Bay Area offices San Francisco, Calif.—December 15, 2022—Robertson Stephens Wealth Management, LLC (“Robertson Stephens Wealth Management, LLC”) welcomes LFS Wealth Advisors (“LFS”), a San Ramon, CA registered investment advisor managing approximately $210 million in advisory assets with an additional office in […]
Yesterday’s Take-Away: Recession More Likely
Good morning, Yesterday’s +50 bps rate hike by the Fed and its slightly higher terminal rate expectation (5.0% to 5.1%) for next year was not a real surprise to anyone. The S&P 500 was off -.60% on the day, likely reflecting some disappointment that the Fed was not a little nicer (less hawkish) when talking […]