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Israel-Hamas Conflict + the Impact on Capital Markets
The Israeli-Hamas conflict has become a focal point of global concern, significantly impacting financial markets and the economy.
Author: Aileen Beno-Lietz
Conflict in the Middle East
Last week, attention shifted away from the war in Ukraine and onto the conflict in the middle east. The most noticeable economic fallout was seen in WTI Crude Oil Futures.
Oil Prices Jump After the Attack on Israel
The attack on Israel flared up long-standing tensions in the region, causing oil prices to jump. Some market analysts said prices could rise as high as $150 per barrel, but the initial shocks only sent prices back into the $90 range.
All Five Indices Ended Lower
The losses mounted last month as all five indices ended lower for September. The nearly five percent loss in the S&P 500 locked in the greatest monthly loss for the year.
New Options for 529 Plans
529 plans are tax-advantaged savings plans originally designed to help individuals and families save for educational expenses. Anyone can open and fund a 529 savings plan, even if they’re not related to the beneficiary.
Update to the Dot Plot
Last week, the FOMC met and reaffirmed the current target range for the Fed Funds Rate. However, one of the developments from this meeting was the guidance for interest rates in 2024. The FOMC released an update to their dot plot which saw median estimates for next year shift from 4.6 percent in June to 5.1 percent, effectively holding these interest rates at this elevated level well into next year.
Smart Investing & Impactful Giving Night
Larson Financial Group invites you to the Florida Children Museum for an exclusive gallery evening featuring an interactive art experience with a local artist.