U.S. economic growth continued at a slower, but steady pace. U.S. GDP came in at a 2.2% annualized rate for the fourth quarter of 2018. This reading was slightly below expectations for the quarter, but similar to the 2.3% annualized rate for the same quarter last year. For the full year 2018, the economy advanced 2.9%, the most since 2015, and above 2.2% in 2017. The employment picture remained solid in Q12019 with the unemployment rate near a cyclical low of 3.8%; however, employment growth in February was a meager +20,000 after averaging a monthly gain of over +223,000 in 2018. Concerns of a slowing economy led the Federal Reserve (Fed) to sharply change its view on the path for interest rates in early 2019 by putting further rate hikes on hold, after raising rates four times in 2018.
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Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.
