Download Investment Commentary for Fall of 2022.

Earlier this week, the Federal Reserve instituted their third 0.75% interest rate hike in as many meetings, bringing the federal funds rate to a range of 3.0 to 3.25%.

Withum Wealth Management is proud to celebrate Austin Hagaman being a part of NJBIZ 2022 Forty Under 40 class. Austin joins a list of 40 business men and women under the age of 40 who were recognized for their notable success and demonstrations of strong leadership in the state.

The first half of 2022 featured the worst returns for equities since 1970, and has understandably left many investors reflecting on past investment decisions and contemplating how they can best position their portfolios for both the remainder of 2022 and the years to follow.

Last week, during the Fed’s wildly anticipated annual Jackson Hole meeting, Chairman Jerome Powell delivered hawkish remarks on the economy and the degree to which the central bank is going to focus, at all costs, to bring down inflation.

While many professions now have “Summer Fridays” and people take a majority of their allotted time off, economic data, “fed speak” and market moving news has been plentiful this last month.

Download Investment Commentary for Summer of 2022.

Today, the Federal Reserve announced a 0.75% interest rate hike, moving quicker and more aggressively than previously anticipated to combat inflation.

Investing is really about patience and mitigating risk. This risk of missing out on good returns over a lifetime far outweighs the painful periods of bad returns we inevitably will experience – like this year so far.