Hello ,

As we embrace the vibrant hues of fall, this week’s economic landscape has been just as dynamic. The economic calendar was bustling with activity, but one pivotal event took center stage: the Federal Open Market Committee (FOMC) meeting held on September 17-18. In a significant move, the Committee announced a 50 basis points (bps) reduction in the federal funds rate, setting the new target range at 4.75%-5.00%. This marked the beginning of a much-anticipated easing cycle.

While the changing leaves of autumn signal a time of change, the overall economic growth remains steady, buoyed by stronger-than-expected retail sales, industrial production, and residential construction figures from August. However, signs of labor market weakness have emerged, posing challenges to sustainable growth. This complexity played a critical role in the FOMC's decision to opt for a more aggressive 50 bps cut instead of the conventional 25 bps. This forward-thinking approach suggests the FOMC aims to preemptively address potential headwinds, and we expect to see smaller 25 bps cuts in the two remaining meetings of the year.

In firm news, check out XML CEO and Co-founder, Brett Bernstein's recent contribution to Financial Advisor Magazine regarding analyzing 401(k) rollover options. We are also excited to announce our Virginia Open House on October 16. Please RSVP to join us! "XML Fraud Focus" this month highlights planning for diminished capacity or illness in either yourself or loved ones. Planning ahead can help minimize fraud risk especially when you or someone you love could become vulnerable.  

In upcoming webinar events, on Tuesday, October 8 at 11:00 am EST in honor of Breast Cancer Awareness Month we are hosting a webinar on Breast Cancer Prevention with The Brem Foundation and XML Wealth Advisor, Nicole Treiber. Lastly, on Friday, October 25 at 11:00 am EST, join us for a meaningful discussion with Deputy Chief Economist from First Trust Advisors, Robert Stein, CFP®, and XML Financial Group President, Curtis Congdon, CFP®, CRPC® on the election, politics, and the economy. If you missed our September Medicare Open Enrollment webinar, you can catch the replay here. 

As we gather around the table for warm cider, venture out on fall hikes, and indulge in pumpkin treats, let’s keep an eye on how these monetary policy changes might shape our economic landscape in the months to come. As always, we’ll be here to guide you through this season of change and are committed to supporting you every step of the way. 

Happy fall!

Best,

XML Financial Group

Wealth Advisor

XML Financial Group
www.xmlfg.com

In The News

How Much Of Your Income Should You Save?

Saving is essential for financial stability. While 20% of your income is often recommended based on the 50/30/20 rule (50% for necessities, 30% for wants, 20% for savings), the right amount for you may vary depending on your financial situation and goals. Check out our recent blog post by clicking below. 

XML Wealth Wisdom

Upcoming: Breast Cancer Prevention Q & A Webinar

In honor of Breast Cancer Awareness month, join us on Tuesday, October 8 at 11:00 am EST for our upcoming webinar with Dr. Rachel Brem, Director of the Breast Imaging and Intervention Center and the Program Leader for Breast Cancer at the George Washington Cancer Center, and Nicole Treiber, Wealth Advisor at XML Financial Group. Sign up today to listen in on the 8th so you can know your risk factor and help stop this disease. 

Upcoming: The Election, Politics, and The Economy Webinar

Join us on Friday, October 25 at 11:00 am EST for a meaningful discussion with Deputy Chief Economist from First Trust Advisors, Robert Stein, CFP®, and XML Financial Group President Curtis Congdon, CFP®, CRPC® on the election, politics, and the economy. With the election right around the corner, this timely informative webinar dives into an overview of the current political landscape and the importance of elections on economic policy. We will also discuss how we can expect the market to react in the coming election season.

XML Team News

Virginia Office Open House

Our Virginia Open House event is set for Wednesday, October 16 from 11:00am - 2:00pm with lunch catered by The Bean Bag Deli and Catering. Our Virginia office teammates are looking forward to welcoming clients and giving a tour of the new space. RSVP today to visit us in our exciting new office space at 10306 Eaton Place, Suite 230, Fairfax, VA 22030.

Financial Advisor Magazine Article Contribution

Wondering what to do with your 401(k) after retirement? With so many factors at play, it can be tricky to decide whether to roll over or stay put. XML Financial Group CEO and Co-founder, Brett Bernstein, CFP®, recently shared his insights with Financial Advisor Magazine on analyzing 401(k) rollover options

XML Fraud Focus 

 Planning For Diminished Capacity Or Illness 

XML Financial Group is committed to protecting clients by actively combating fraud. Our proactive approach includes regular internal assessments to stay ahead of threats, striving to maintain trust and security in all client interactions. Check out our new "XML Fraud Focus" newsletter section every month for fraud tips and alerts so you know how to protect yourself and your family. 

This month's focus is from the Consumer Financial Protection Bureau and highlights the importance of planning ahead for illness or diminished capacity in either yourself or a loved one. When you or a loved one loses the ability to manage their financial assets, they become vulnerable to investment fraud or financial abuse. Download the guide by clicking below, or talk to your XML Wealth Advisor for details on how we can assist you or your loved ones if they are facing this situation. 

This communication is for information and educational purposes only. This is not a recommendation for the sale or investment in any product or strategy nor should it be perceived as individual advice. Information presented has been prepared from sources believed to be reliable but is not guaranteed and does not represent all available data necessary for making investment decisions. Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. Forecasts do not consider the specific investment objectives, restrictions, tax and financial situation or other needs of an individual. Actual data will vary and may not be reflected here. Accordingly, these forecasts should be viewed as merely representative of a broad range of possible outcomes. The opinion expressed by this individual is based on facts and circumstances known at this time, is subject to change and does not reflect the opinions of all financial professionals of XML.