Even after the sharp market gains over the last month, investors can’t afford to become complacent. An interest rate hike from the Federal Reserve is still pending and the US manufacturing sector is still sluggish. There is hope on the horizon for global growth, however, as Liz Ann Sonders of Schwab explains. The interest rate hike from the Fed will in all likelihood occur next month, and will mark the first increase in short-term rates in nine years. What about long-term rates?  David Payne makes a forecast for Kiplinger. Many people would be better off today if they had been taught financial literacy in school. The Georgia Society of CPAs is continuing its outreach to 8th graders through an annual statewide Financial Literacy Day. Day & Ennis will be participating again in this year’s program, entitled Millennial Money.

What To Expect After The Recent Stock Rally Over The Past Month–  The sharp market gains seen over the last month are unlikely to persist at the same pace, and investors should be prepared for more volatility. Uncertainty about interest rates will persist, but the US economy continues to chug along at a decent, although not robust, pace. Similarly, global growth seems to be perking up, and helping to stymie predictions of an impending global recession.  Liz Ann Sonders and her team at Schwab offer analysis in this article. Read more…

Long-Term Interest Rates To Stay Low Despite Fed Moves–  Kiplinger expects the Federal Reserve to bump up short-term interest rates by a quarter-point at its December 16 meeting. But they don’t see a second hike until several months later.  Long-term interest rates should end the year around 2.3%, about where they are now.  David Payne describes the situation in this article. Read more…

Georgia CPAs Teach Financial Literacy To Students Throughout The State–  Members of The Georgia Society of CPAs (GSCPA) understand the value and importance of financial literacy education. As part of their outreach to students, they recently coordinated the annual statewide Financial Literacy Day for eighth-graders. The program uses local CPAs to teach students the importance of  budgeting and saving and how these disciplines can impact their lives, both now and in the future. Day & Ennis will be participating in this program again this year. Read more…

We hope you enjoy reading these articles along with us and that you find them informative.  Please forward this to your friends and family.

John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.