International Monetary Fund Inflation Continues to Cool PSI Office Bulletin Board

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 a large purchase or to transfer an existing credit card balance. However, it is important to read the terms of service carefully and have a plan to pay off the balance within the stated period or the strategy could backfire resulting in high interest charges. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- These are exciting times in Sacramento as our premier professional sports franchise, the Sacramento Kings, has made the playoffs for the first time in sixteen years. The reward is that they get to face the defending NBA champions, the Golden State Warriors. However, after two games the Kings now lead the series two games to zero with the series now going back to San Francisco for the next two games. As long-time Kings supporters, all of us at Planned Solutions are excited to have our team in the NBA playoff mix and are thrilled with the positive impact that it is having on our city. Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected] The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc.