You’ve been in business a couple of years, and you’re at the re-evaluation stage, wondering if you should change things up. Do you want to keep doing it on your own as a solo operator? Or would you rather be a systems operator with processes in place that can help you grow with a team? […]

The post Should You Transition From Solopreneur to Entrepreneur? Here’s How to Know first appeared on Addicted 2 Success.

Read More

U.S. Federal Reserve Board Chairman Jerome Powell attends his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022.
Graeme Jennings | Reuters

Accelerating inflation could cause the Federal Reserve to get even more aggressive than economists expect in the way it raises interest rates this year, according to a Goldman Sachs analysis.

With the market already expecting four quarter-percentage-point hikes this year, Goldman economist David Mericle said the omicron spread is aggravating price increases and could push the Fed into a faster pace of rate increases.

“Our baseline forecast calls for four hikes in March, June, September, and December,” Mericle said in a Saturday note to clients. “But we see a risk that the [Federal Open Market Committee] will want to take some tightening action at every meeting until the inflation picture changes.”

The report comes just a few days ahead of the policymaking group’s two-day meeting starting on Tuesday.

Markets expect no action regarding interest rates following the gathering but do figure the committee will tee up a hike coming in March. If that happens, it will be the first increase in the central bank’s benchmark rate since December 2018.

Raising interest rates would be a way to head off spiking inflation, which is running at its highest 12-month pace in nearly 40 years.

Mericle said that economic complications from the Covid spread have aggravated imbalances between booming demand and constrained supplies. Secondly, wage growth is continuing to run at high levels, particularly at lower-paying jobs, even though enhanced unemployment benefits have expired and the labor market should have loosened up.

“We see a risk that the FOMC will want to take some tightening action at every meeting until that picture changes,” Mericle wrote. “This raises the possibility of a hike or an earlier balance sheet announcement in May, and of more than four hikes this year.”

Traders are pricing in nearly a 95% chance of a rate increase at the March meeting, and a more than 85% chance of four moves in all of 2022, according to CME data.

However, the market also is now starting to tilt to a fifth hike this year, which would be the most aggressive Fed that investors have seen going back to the turn of the century and the efforts to tamp down the dot-com bubble. Chances of a fifth rate increase have moved to nearly 60%, according to the CME’s FedWatch gauge.

In addition to hiking rates, the Fed also is winding down its monthly bond-buying program, with March as the current date to end an effort that has more than doubled the central bank balance sheet to just shy of $9 trillion. While some market participants have speculated that the Fed could shut down the program at next week’s meeting, Goldman does not expect that to happen.

The Fed could, though, provide more indication about when it will start unwinding its bond holdings.

Goldman forecasts that process will begin in July and be done in $100 billion monthly increments. The process is expected to run for 2 or 2½ years and shrink the balance sheet to a still-elevated $6.1 trillion to $6.6 trillion. The Fed likely will allow some proceeds from maturing bonds to roll off each month rather than selling the securities outright, Mericle said.

However, the unexpectedly strong and durable inflation run has posed upside risks to forecasts.

“We also increasingly see a good chance that the FOMC will want to deliver some tightening action at its May meeting, when the inflation dashboard is likely to remain quite hot,” Mericle wrote. “If so, that could ultimately lead to more than four rate hikes this year.”

There are a few key economic data points out this week, though they will come after the Fed meets.

Fourth-quarter GDP is out Thursday, with economists expecting growth around 5.8%, while the personal consumption expenditures price index, which is the Fed’s preferred inflation gauge, is due out Friday and forecast to show a monthly gain of 0.5% and a year-over-year increase of 4.8%.

Read More

Getting that perfect look and keeping your body fit and healthy seems to be a goal that shows up each year. However, some may feel like they’re not getting the right start to see changes and maintain that progress over time. The good news? No matter where you’re at right now, all you need to […]

The post Tips for Getting and Keeping Your Dream Body appeared first on Entrepreneurship Life.

Read More

Neymar da Silva Santos Júnior, known as Neymar, is one of the best soccer players in the world. He made his professional debut at 17 years old with the brazilian team, Santos. He then went on to play for Barcelona and now plays with Paris Saint-Germain.  Check out these 39 motivational Neymar quotes on life […]

The post 39 Neymar Quotes to Motivate You Throughout Your Day first appeared on Addicted 2 Success.

Read More

Life According to Sadhguru: What Is It? Everyday people wake up and perform dozens of things automatically without even recognizing each step. All these steps comprise our contemporary life. People should decide what to eat, wear, watch, or whom to date. The choice is comprehensive. Everything can be bought or found. And that will be […]

The post Sadhguru: How Our Life Is the Result of Our Actions first appeared on Addicted 2 Success.

Read More

Carine Schneider, President of AST Private Company Solutions that develops innovative and next-generation technology, products and services to support the entire lifecycle of a private company, including when the next phase involves going public joins Enterprise Radio.

The post Private Company Solutions with Carine Schneider appeared first on Enterprise Podcast Network – EPN.

Read More

What Is The Need For A Guest Room When you have guests staying at your home, you should prepare the guest room well. Make the bed comfortable with multiple pillows and blankets. Additional throw pillows should be kept in the closet or on the bed. You may even want to put a portable space heater […]

The post A Few Essentials That You Must Have In Your Guest Rooms appeared first on Entrepreneurship Life.

Read More

Rich Dad, Poor Dad is a must-read book for anyone wanting to create not only wealth for themselves, but wealth for their family. Every point made in the book is a part of a bigger blueprint on attaining financial freedom within your lifetime. Here are 4 points we think everyone should take away from it. […]

The post 4 Crucial Life Lessons Rich Dad, Poor Dad Taught Me first appeared on Addicted 2 Success.

Read More