Investments
2024 Capital Market Assumptions
The 2024 edition of our 10-Year Capital Market Assumptions (CMAs) offers our projections for asset class returns, volatilities and correlations over the next decade. This yearly exercise helps in shaping the design of our investors’ long-term portfolios.
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Investments
2023 Year-End Fundraising Checklist
The approach of the end of the year means end-of-year tax planning, which for many includes finalizing annual charitable contributions. This presents an opportunity for nonprofits to engage donors and help them complete their gifts by December 31.
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Job Market Remains Strong
March 12, 2024
As inflation moderates and the U.S. economy displays resilience, the Federal Reserve has been focused on the labor market and its role in achieving a soft landing.
The February jobs report revealed there is a strong demand for jobs, as the economy added 275,000 jobs, comfortably above expectations of 200,000. It was the fourth consecutive month that job growth surpassed expectations. Although there was a combined downward revision of 167,000 jobs from the prior two months, the three-month average was 265,000, which is its highest in a year.
After coming in higher-than-expected in January, average hourly earnings improved from an annual rate of 4.5% to 4.3%. Although wage growth has been gradually slowing, a positive sign for the Fed, it has held steady at an annual pace of 4.3% since October.
We expect the labor market will remain strong, supporting consumer spending and our outlook that the U.S. economy should continue to outperform the rest of the world.
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