Inside the Economy: Economic Hurdles & Budget Deficit

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss some economic hurdles in the system, as well as the budget deficit. Savings rates and new mortgage applications have dropped below pre-pandemic levels, along with an increasing office vacancy rate. What does this mean for the economy as we move into the 4th quarter? The budget deficit has been a main theme this year, but what are the specifics of where the government collects its revenue, current federal spending, and the US budget as a share of GDP? Tune in to learn about this and more! Key Takeaways: • Core CPI inflation at 4.1 • Oil below $90 • Unemployment rate hovering at 3.8 • 30-year mortgages above 7.5%