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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Tax cuts are adding stimulus and leading to improved business and consumer optimism, but there are some offsetting factors in the form of Fed tightening, low productivity, and large levels of debt, especially at the federal government as they fund what could be a $1 trillion plus deficit this fiscal year. Gas prices remain below $3.00

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Guest Post: Year End Economic Commentary by Dorothy Jaworski

Jeff For Banks

We all have been reading for years how the United States was dramatically increasing energy production, especially from a method of extracting oil and natural gas in shale regions of the country known as hydraulic fracturing or “fracking.” Suddenly the US was the world leader in oil production. Consumer can and will rejoice and spend.

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Guest Post: Financial Markets & Economics Update by banker Dorothy Jaworski

Jeff For Banks

The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. Our regional economy, covered by the Philadelphia Federal Reserve’s Third District, is doing well into the fourth quarter. Stock prices are rising strongly, but bond prices have fallen from their highs.