SGL Wealth Management Group

U.S. home prices are set to rise by 5% this year, with a more modest increase expected next year. Key takeaways for the real estate market: 🏡 Home prices are projected to climb 5% in 2024, reflecting ongoing demand. The pace of price increases is expected to slow down next year, providing some relief for buyers. 💼 Investors and market watchers should stay informed about these trends to make strategic decisions. While the overall housing market continues to be challenging, there could be relief in the future, with housing prices possibly cooling off as rates ease. How do you think these price trends will impact your real estate plans? #HomePrices #RealEstate #MarketTrends #HousingMarket #InvestmentStrategy #EconomicIndicators Source: https://lnkd.in/e2f_U_5C

The Federal Reserve has decided to hold interest rates steady for now, but they've indicated a more cautious approach to future rate cuts than previously anticipated. Key takeaways from the Fed's announcement: 1️⃣ One Rate Cut Expected This Year: The Fed is now projecting only one rate cut by the end of 2024, compared to the three predicted in March. 2️⃣ Higher Long-Term Interest Rates: The Fed also signaled that it believes the long-run interest rate will be higher than previously thought. 3️⃣ Modest Progress on Inflation: While inflation has eased, it remains elevated. The Fed expects inflation to return to its 2% target by 2026. What does this mean for you? It's a reminder that the economic landscape is constantly evolving. #Fed #InterestRates #Inflation #Economy #Investing Source: https://lnkd.in/g_vrfhtY

What could be better than a trip to Hawai’i? How about challenging yourself to a one-of-a-kind adventure across one of the most beautiful and remarkable landscapes in the world? Shane Gaddy, Managing Partner at SGL Wealth Management, managed to do both last month as a participant in the Ironman 70.3 Hawai’i competition. Congratulations to Shane for this remarkable achievement!

All of us at SGL Wealth Management hope that you have a safe and happy celebration of our great nation's birthday!

The latest inflation data shows prices rose 3.4% annually in April, a slight easing from March's 3.5% increase. Here's what it might mean for you and your investments: ▪️ The modest dip may be a step in the Fed's battle against stubborn inflation 🥊 ▪️ However, housing and gas costs are still elevated 🏡⛽ ▪️ Wage growth (3.9%) outpaced inflation, providing some relief for workers' purchasing power While inflation is inching down, it remains above the Fed's 2% target. The road to price stability is long, but this data offers a small step in the right direction. 💪 #Inflation #EconomicData #InvestingStrategy #FedPolicy Source: https://lnkd.in/gMAa2wC2

Should Money Market Funds to be a part of your portfolio? Be sure to click below and read our latest blog on understanding the basics about this type of investment. https://lnkd.in/egC_HVGd

Of all the things they’ve taught us, the most important is how to be better. 👩🎓🪂🥇 📣 Join us in saying thanks to father figures everywhere.🙌

Good news for the U.S. labor market! 🎉👥 According to ADP, private payrolls increased by 192,000 in April, surpassing expectations and showing continued strength in the job market. The growth was broad-based, with job gains across various sectors. The strongest growth was seen in leisure and hospitality, which added 56,000 jobs. Other sectors like construction, trade, transportation, utilities, education, and health services also increased. While this is good news, there's a flip side. Wage growth was up 5% from a year ago, the smallest gain since August 2021. This could indicate that inflation is more resilient than economists and policymakers anticipated. So, what does this mean for you as an investor? A strong labor market can boost consumer spending, which drives economic growth. However, the slowing wage growth amidst inflation could impact consumer purchasing power. We'll keep an eye on these trends as the year goes on. #LaborMarket #EconomicGrowth #InvestingStrategy Source: https://lnkd.in/gn8qyh98

How's your personal inflation rate? The official inflation report shows that core consumer prices rose less than expected in April, which bolstered hopes that the Fed may adjust interest rates as early as September 2024. But don’t start any refinancing paperwork yet!

On May 9th SGL Wealth Management hosted it's annual Mothers Day luncheon at the Chattahoochee Country Club, and had a great time celebrating all the moms in our community! We got a market update from Ashley Haverly and enjoyed a panel discussion with medical professionals from Longstreet Clinic. Thanks to all who participated!