Axial Updates

Nora Carol Photography/Getty Images 2023 Tax Filing Season Has Begun. Here Are the Deadlines You Need to Know: The IRS expects to receive more than 168 million individual tax returns this filing season. Dan Avery, Jan. 24, 2023 10:00 a.m. PT   The IRS began...

What You Need To Know About SECURE 2.0 Danielle Seurkamp, Contributor, Forbes **(SECURE Act 2.0 was signed into law on December 29, 2022)**   The Consolidated Appropriations Act of 2023, commonly referred to a SECURE 2.0, is headed to President Biden for signature....

Weekly Market Update, January 17, 2023 Presented by Axial Financial Group                                                                   General Market News The future path of interest rates is uncertain for 2023, but the average Bloomberg surveyed economist...

Weekly Market Update, January 9, 2023 Presented by Axial Financial Group                                   General Market News The Federal Reserve (Fed) may feel that it has been receiving mixed signals recently as the labor market continues to show signs of tightness...

Market Thoughts for January 2023 [Video] Posted by Brad McMillan, CFA, CAIA, MAI This entry was posted on January 4, 2023   December closed out a tough year for markets. The U.S. indices showed single-digit declines for the month, capping off drops for the year...

Weekly Market Update, January 3, 2023 Presented by Axial Financial Group                                   General Market News The Federal Reserve (Fed)'s policy rate rang in the new year at a level of 4.5 percent. This came after an historic increase of 4.25 percent...

Weekly Market Update, December 27, 2022 Presented by Axial Financial Group                                        General Market News The Federal Reserve’s (Fed’s) policy rate is set to end the year at 4.5 percent. Throughout 2022, the central bank hiked rates 17...

In 2022, we faced rising prices, market volatility, and recession fears. Can we expect some good news in the new year?   We always strive to keep you informed and help you stay on track toward your long-term financial goals. Today, we present a 2023 outlook...

Thank You for Stopping By! Earlier this month, we welcomed our clients and friends to our Burlington and Hyannis offices for some hot cocoa, popcorn, and to share a little holiday cheer. As a special gift from us and a thank you to our clients, we gave away baskets...

Weekly Market Update, December 12, 2022 Presented by Axial Financial Group                                        General Market News The Federal Reserve (Fed)’s next rate decision will be announced this Wednesday, December 14, and market participants eagerly...

  Looking Back at the Markets in November and Ahead to December 2022 Posted by Brad McMillan, CFA, CAIA, MAI, Dec 6, 2022   The October bounce continued in November, with the S&P 500 up 5.59 percent and the Dow Jones Industrial Average (DJIA) up 6.04...

Weekly Market Update, December 5, 2022 Presented by Axial Financial Group                                        General Market News Federal Reserve (Fed) Chair Jerome Powell gave a speech last Wednesday in which he stated, “Monetary policy affects the economy...

Market Thoughts for December 2022 [Video] Posted by Brad McMillan, CFA, CAIA, MAI This entry was posted on Dec 2, 2022   November was a good month for markets as the bounce from October continued. U.S. indices saw single-digit gains, and developed and emerging...

Holiday shopping scams are here – 8 ways to stay safe BY CHARLIE FRIPP, KOMANDO.COM NOVEMBER 16, 2022   Ready or not, the holidays are upon us. That means you’re probably trying to complete your Christmas gift list. If you’re ordering gifts online, you don’t want...

Weekly Market Update, November 21, 2022 Presented by Axial Financial Group                                   General Market News Despite seeing some recent data that potentially points to a slowing pace of inflation, there is still tightening to be done. Core Consumer...

Weekly Market Update, November 14, 2022 Presented by Axial Financial Group                                   General Market News The Consumer Price Index (CPI) surprised markets last week with headline—which rose 0.4 percent month-over-month against an expected 0.6...

Market Thoughts for November 2022 [Video] It was a good month for the markets after a difficult September. The Dow and S&P showed strong gains, and developed markets did well. The rebound was driven by the prospect of a slowdown in future rate increases. On the...

Weekly Market Update, October 31, 2022 Presented by Axial Financial Group   General Market News With the Federal Open Market Committee (FOMC) heading into its November meeting this week, consensus expectations point to a likely rate hike of 75 basis points (bps)....

Thursday, October 13, 2022 Social Security Announces 8.7 Percent Benefit Increase for 2023 Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023, the Social Security Administration...

Largest-Ever Increase to 401(k) Contribution Limit Employees can contribute up to $22,500 to their 401(k) accounts in 2023 By MACK WILOWSKI Published October 22, 2022 The Internal Revenue Service said Friday (10/21/22) that it will boost the maximum contribution limit...

Weekly Market Update, October 24, 2022 Presented by Axial Financial Group   General Market News With the labor market remaining tight and inflation proving stickier than expected, the Federal Open Market Committee (FOMC) heads toward its final two meetings this...

Weekly Market Update, October 17, 2022 Presented by Axial Financial Group                                      General Market News The front end of the yield curve continued its rise last week, lifted by hotter-than-expected inflationary data. The inversion between...

Medicare Open Enrollment Is Here: How Are Costs Changing for 2023? Medicare's Open Enrollment Period — which runs from October 15 through December 7 — is your annual opportunity to switch your current Medicare health and prescription drug plans to ones that better...

Weekly Market Update October 10, 2022 Presented by Axial Financial Group                                     General Market News   The September employment report showed 263,000 jobs added during the month, which helped drive the unemployment rate down to 3.5 percent....

  Looking Back at the Markets in Q3 and Ahead to Q4 2022 Posted by Brad McMillan, CFA, CAIA, MAI, Oct 7, 2022   An already weak third quarter was capped by a sharp September drop in markets. The S&P 500 lost 9.21 percent for the month and 4.88 percent...