Townstone Financial

Mortgage rates and bond yields are higher Monday after Congress managed to avoid a government shutdown Saturday night, less than three hours before the deadline. But are we in for the same down-to-the-wire brinksmanship in 45 days when the temporary funding bill expires? Consumer spending in August 2023 was up 5.8% compared to August 2022. Per the Wall Street Journal, the "experience economy" boomed this summer, with Delta Air Lines reporting record revenue in the second quarter and Ticketmaster selling over 295 million event tickets in the first six months of 2023, up nearly 18% year-over-year. But is it truly sustainable as U.S. household credit card balances rise and their savings account balances drop? As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/