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THE FORGE COMPANIES BLOG
A Brief Modern History of the Federal Funds Rate & Inflation
From July 1983 to September 2022, the purchasing power of the consumer dollar in the U.S. declined steadily by a total of -66.3%, to a new low. Inflation, the silent thief, steals workers’ wage increases before food can even be put on the table or gas in the vehicle.
This piece looks at two periods of inflation and the actions to combat it by the Federal Reserve’s Board of Governors. Arthur Burns and Paul Volcker oversaw most of the first period 1966 -1982 as chairs of that Board. Ben Bernanke, Janet Yellen and Jerome Powell all chaired the Board in the run up to our current inflation rate of over 8%. We will judge their actions by the effects on our economy.
Through this examination we will come to conclusions about what may happen over the coming period as the Federal Reserve under current chair Powell tries to achieve “price stability” by containing inflation.
Finally, we will explain how we have positioned investment portfolios within those conclusions.
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We are incredibly honored to have our close friend Gibson Vance share his experience working with The Forge Companies. At The Forge Companies, trust isn’t just a product we offer; it’s the goal of our relationship. We have over 150 teammates and together, we have worked to build our core values of trust, respect, excellence, empathy, and selflessness, allowing us to build genuine, lasting relationships with our clients and with each other.
by Charlie Culverhouse, CIC, CLCS Managing Partner, Full Circle Coverage
At The Forge Companies, we pride ourselves in providing a full range of settlement planning, wealth management, trust planning, and business administration services, making all aspects of the settlement process easy for you and your clients. Get immediate access to our team’s expertise and help protect your client’s settlement recovery while offering a newfound sense of financial freedom.
At Full Circle Coverage, we pride ourselves on building personal relationships with clients so that we can best serve them and protect what matters most. We are more than just insurance coverage. We are a smart solution for individuals, families, and businesses who have more to protect.
Forge for Business provides a broad range of financial services tailored to meet the needs of contingent fee attorneys, law firms, and general businesses. Services include bookkeeping, IOLTA accounting, payroll, insurance services, attorney fee deferral products and solutions, lien solutions, and more.
At The Forge Companies, we are ready to be your advocate. Our company is made up of over 150 professionals with decades of industry experience and is well known for the caring support provided to plaintiffs and their families who have dealt with adversity and financial challenges. From structured annuities, traditional and special needs trust services, insurance solutions, financial planning and so much more, we welcome any opportunity to provide the best client care in the industry.
Halloween is just around the corner, and we're all gearing up for a night of tricks, treats, and spooky surprises. But before you dive headfirst into the festivities, it's crucial to remember that safety should be a top priority. Whether you're a parent keeping an eye on your little monsters or a grown-up ready to embrace your inner child, we have some helpful tips to help you avoid a nightmare on your street!
Allow The Forge Companies to be a dependable resource for you and your client right from the beginning and find comfort in the knowledge that we will continue to stand as strong advocates long after the mediation process concludes.
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