Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, The International Monetary Fund (IMF) has lowered its economic growth forecast in recent weeks but continues to predict positive growth rates for the majority of the globe. However, the expected pace of economic growth around the globe, as well as in the US, is fairly low compared to historical rates. This appears to be a middle ground between predicting a recession and predicting a return to more normal economic growth rates. Also, US inflation has declined for nine consecutive months from a high of 9.1% in June 2022 to just 5.0% in March 2023. Large contributors to the decline in the rate of inflation include food and energy prices, with energy prices turning negative. However, services price inflation remains high supported by shelter prices which now account for nearly half the headline inflation rate. And, Zero percent credit card offers, which allows the cardholder to borrow for a specific term, may be attractive for those looking to make