Estimated reading time: 3 minutes Economic Output The U.S. economy is growing, making it the envy of its peers. There are a lot of forces at work, but one demographic has had a notable impact on this recent economic growth. Hispanic Americans generated $3.6 trillion in gross domestic product (GDP) in 2022, according to a report from…Read more
SoFi Hong Kong Blog
Estimated reading time: 3 minutes A look at month-end performance data shows that August was another mostly positive month, but that misses the notable market stress in the first week of the month. The VIX surged to an intraday high surpassing 65 on August 5, as markets underwent a wave of selling and risk-off rotation. Japan was…Read more
The Long-Awaited Cut Is Here The Federal Reserve has remained patient (holding interest rates unchanged) and kept its eyes on the prize (getting inflation down) for over a year. Through every twist and turn, every employment and inflation report, the numerous market selloffs and rebounds, Fed officials have remained steadfast. All of that has led…Read more