Proposed “Millionaires Tax”: Should Washington Residents Worry?
Approved by the state legislature this month, Washington’s proposed Millionaires Tax would impose a 9.9% levy on household income exceeding $1 million annually. The bill will become law in April unless Governor Bob Ferguson vetoes it. Critically, the tax applies only to earnings above that threshold – not total income. If a household earns $1,000,500, only $500 […]
Strait of Hormuz: Risk Markets Veer Off the Straight and Narrow
U.S. equity indexes finished lower in a volatile week shaped by geopolitical tensions and resulting volatility in oil prices, persistent inflation concerns, and a somewhat hawkish interpretation of the Federal Reserve’s latest policy signals. The Dow Jones Industrial Average fared worst, declining 2.11%, followed by the Nasdaq Composite, which shed 2.07%. The S&P MidCap 400 Index held up best but […]
Week of March 22, 2026 – Weekly Economic Commentary
As we enter week four of the Middle East War, with interest rate decisions by the Bank of England, the ECB (European Central Bank), and the Federal Reserve all recently put behind us (all of them choosing to leave rates unchanged) the near-term focus is on oil and gas prices and the Strait of Hormuz. […]