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Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

Trillions of dollars of subsidies on “green” BS projects, electric vehicles no one wants, tax credits, debt forgiveness, and free money all fuel demand and contribute to inflation. ISMs and regional Fed surveys have been mostly negative for months on end. Dorothy recently retired from Penn Community Bank where she worked since 2004.

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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: 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. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.