Each month, our Heritage Investment team publishes a market brief to provide an overview of the major factors influencing the US economy, including a summary of key sectors and the current positives & challenges:


  • Increased construction may be just around the corner as the recent non-farm payroll report posted a substantial growth of 45,000 in construction jobs
  • A recent decline in oil inventory may drive oil prices higher if the trend persists
  • Wage pressure is likely to increase as the U-6* total unemployment rate continues to improve

*A better unemployment measure as discouraged workers and part-time workers seeking full-time employment are taken into account

Each month, our Heritage Institutional team publishes the Retirement Report, which provides timely news and updates for plan sponsors and fiduciaries of defined contribution plans.  This month's topics include:

  • 2016 budget proposals support retirement
  • Timing is everything
  • Content and frequency of retirement plan committee
  • Are you ready for an audit?

Heritage Market Brief


  • While the 2014 U.S. economic growth rate of 2.4% is well below that of typical recoveries, the expansion out of a very deep recession is also lasting longer.
  • The U.S. economy continues to pick up speed and is growing at a faster pace than the rest of the world with the exception of China, while Europe is on the brink of falling back into recession.
  • While the March unemployment rate held steady at 5.5%, weak non-farm payroll jobs may push the Fed to delay rate hikes as only 126,000 jobs were added relative to an expected 247,000.
  • The U.S. Federal Reserve officially ended asset purchases associated with QE3 in October 2014.