Hurricane Ian Notice

Due to the impending Hurricane Ian and its impact on the Sarasota area; Cumberland Advisors has mobilized and relocated our disaster recovery team to our Vineland, NJ office. If the storm does affect the Sarasota area, Cumberland Advisors’ staff members are on standby, and ready to provide you with any assistance you may need.  Our phone lines and emails will be monitored, and we will respond to matters on a priority basis.
For any urgent concerns you may also contact the following individuals by email directly:

For our clients residing in the Sarasota area, Cumberland Advisors knows nothing is more important than the safety of you and your family. We urge you to take the necessary steps to protect your loved ones. Check your supplies and make sure you have plenty of fresh water, flashlights, and a battery-operated radio. Cumberland values our customers’ security and peace of mind, and our goal is to provide outstanding service.
Thank you for entrusting us to continue to provide you service and may all stay safe.


Excerpt from U.S. News & World Report...

Jobless Claims Fell to 214,000 Last Week

The drop reflects a labor market that has largely shaken off the effects of the coronavirus pandemic.

By Tim Smart - March 17, 2022




The trend of lower jobless claims filing shows the labor market has essentially recovered from the damage it endured from the coronavirus pandemic. Employers added 678,000 jobs in February, while the unemployment rate fell to 3.8%

.Federal Reserve Chairman Jerome Powell paid credit to the strong market Wednesday as he announced the central bank had agreed to raise interest rates by 25 basis points with six more hikes likely this year.

“This suggests not only a fundamental shift in the Fed’s view on how much of the inflation problem is due to temporary supply disruptions,” Robert Eisenbeis, vice chairman and chief monetary economist at Cumberland Advisors, wrote Thursday morning. “It also suggests the importance of the view, articulated by Chairman Powell that labor markets and the economy are strong and can withstand higher rates going forward, whatever the fallout might be from the Russia-Ukraine situation.”

The tight labor market has led to wage increases averaging 5% annually, and that has helped fuel an inflationary cycle that the Fed is aiming to curtail. Consumer price inflation reached a 7.9% annual rate last month, but a large part of that spike is the result of soaring energy prices.

Read the Full article at U.S. News & World Report:

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Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.

Robert Eisenbeis, Ph.D.
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U.S. News & World Report