We hope that your spring semester is off to a great start! Common $ense is excited to share some new updates, events, and financial tips as we round off February together.

Ask C$ Anything!

Have a financial literacy related question that we haven’t addressed on our website, social media accounts, and newsletters yet? Ask us your question anonymously using this form and we will get back to you by the next business day! Any and all information you provide will be kept strictly confidential.

Upcoming Events

Smart Borrowing w/ HMFI

RSVP using the QR code above or using this link!

In the News

Inflation Nowcasting & Forecasting

Data from the Federal Reserve Bank of Cleveland suggests that inflation is stabilizing. CPI (Consumer Price Index) rose by 0.61% from January to February 2023 compared to 0.65% from December 2022 to January 2023. Year to date, CPI rose by 6.35%. At an event at the Economic Club of Washington earlier this month, Fed Chairman Jerome Powell corroborated on the data, saying that he expects inflation to ease but interest rate to potentially increase.

At its most recent meeting, the Fed raised interest rates a quarter percentage point, the eighth increase since March 2022, to a range of 4.5%-4.75%. The Fed projects that interest rates will fall back to the 2% range sometime in 2024. In a continued effort to reach its interest rate target, the Fed will also begin quantitative tightening by passively reducing its balance sheet.

Sources: Federal Reserve Bank of Cleveland, CNBC, Federal Reserve Bank of Richmond

Bits of FinLit

Choosing a 3% Cash Back Spending Category

Staying Warm for the Winter on a Budget

Check out these posts on Common $ense’s Instagram account to learn more!

Start Investing With $15

Thanks for reading! That’s all from us for now. Be on the lookout for more communication before our March newsletter!