Monday Market Update – May 29th, 2023

The Monday Market Update is a way for us to educate our followers on the latest National, Local, and In the Office news. 

This week, Amy discusses Disney’s land relocation to Lake Nona, Erika’s position within our company, and the Fed’s new thoughts on inflation.  

Here are more on the following topics:  

National:

• The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a Monday survey. 
• The National Association for Business Economics’ survey of 45 economists found that the median forecast is for inflation to average 4.2% this year, up from a 3.9% forecast in the group’s previous survey in February. That is far above the Fed’s inflation target of 2%. 
• The findings reflect a survey of economists from businesses, trade associations, and academia. 
• The persistence of high inflation is likely the main reason the business economists expect the Fed to keep its key rate at its current level of roughly 5.1%, its highest point in 16 years. 
• https://apnews.com/article/economy-recession-inflation-unemployment-survey-a0b90fec4d63bde53db93e825abacabd 

Local:

• Orlando is the beloved spot of Disney, and the employees rather stay here, (Orlando) than in California  
• Ken Pozek reveals that he has relocated many Cast Members to Orlando  
• Orlando is more affordable and seems to have a better lifestyle  
• Some say this could be politics, but it is about restructuring  
• https://www.fox35orlando.com/news/realtor-disney-employees-prefer-to-stay-in-orlando 

Office:  

• Erika has been with us for a month, and her skills have been such an asset!  
• She is bilingual, so she can help all of our diverse clientele!