Oakworth Capital Bank

Restaurants and retail stores seem to be closing at a faster pace. With the official economic data as strong as it has been, how can this be the case? What is the cause of all these closures, and is there any end in sight. Read more from Chief Economist John Norris, to find out what is going on in the restaurant industry and why: https://lnkd.in/gPrRgUtF

The Fed has finally cut interest rates. New money continues to pour into the stock market. Prices keep rising. American politics are more polarized than ever. All of this and more in our Investment Committee's Key Takeaways from 3rd quarter. Dive in, here: https://lnkd.in/gzautF2n

October is Financial Planning Awareness Month. Mac Frasier, CFP®, CEPA, our Director of Planning, says that when it comes to creating your financial roadmap, there are four cornerstones that you should keep in mind: Cash Management, Savings & Investments, Risk Management and Estate Planning. Learn more about each of these essential and foundational cornerstones, here: https://lnkd.in/gKCSa5EC

Oakworth believes in combining the best of both worlds - offering comprehensive financial solutions with a deeply personalized approach. This unique blend is what attracted ASF Logistics' CFO Jeff Schock to partner with us in 2016, and it's what continues to set us apart today. We live by our Vision, which guides how we treat our clients every single day. Client needs are our top priority and we tailor our financial solutions to your specific goals with your best interest in mind. Whether you're a business owner like Jeff Schock or an individual seeking to optimize your financial future, Oakworth is here to help you succeed. Experience the difference of a financial partner that combines big bank capabilities with the personal touch of a trusted advisor. Read more of Jeff's experience, here: https://lnkd.in/gn-cNNtf

In the 3rd quarter, one thing became clear: Washington needs to overhaul its methodologies to better capture the realities of today's economy and consumer behavior. The gaps are too significant, and the stakes are too high to ignore. "Even so, and in the end," said Chief Economist, John Norris, "what really matters is the Fed finally embarked on its much-awaited easing cycle during the quarter." Read on for a more detailed recap of our Economic Overview for Q3 2024: https://lnkd.in/gZVnvSPx

Our newest edition of Macro & Market Perspectives is here! Our Investment Committee tackles the growth, gains & growing concerns of the 3rd quarter and gives us a thorough overview of what we can expect for the end of 2024. Will the Fed continue cutting rates? Will stocks continue to rally? Will this election be the most important of all time? Everything was up in value for 3rd quarter. However, in the midst of these positive trends, there are growing uncertainties. Social media is impacting political opinion and transforming retail investing. The government continues to provide us with inaccurate data. China's economy is coming to a halt. Dive into the highs, the lows, and everything in between, here: https://lnkd.in/gD6jcZfA

Congratulations to Associates Annie Lovelady and TaQuisha Winbush on their graduation from Momentum's Upward Program, a transformative 9-month program designed for early to mid-career professionals, focusing on leadership development. As a proud sponsor partner of Momentum Leaders, we are thrilled to support their mission of empowering women in leadership.

At Oakworth, we value celebrating success. Congratulations to Central Alabama Board Member, Tate Forrester, for his promotion to Senior Vice President & Chief Development Officer of O'Neal Industries. We are thankful for the leadership and expertise that Tate brings to our board. Please join us in congratulating Tate.

📣 Join us TOMORROW! ➡️ ECONOMIC OUTLOOK WEBINAR End-of-Year Crystal Ball & Preparing for 2025 🗓️ Thursday, Oct 17, 2024 🕘 9 AM CST / 10 AM EST Join the Oakworth Investment Committee for insights on year-end takeaways 2024 and predictions into 2025 in our 45-minute webinar. This event is hosted by our Investment Committee, featuring panel participants John Norris, Chief Economist; David McGrath, Chief Equity Strategist; and Samuel Clement, Associate Managing Director, Wealth Management. We'll explore critical questions about the Federal Reserve, inflation, the stock market, and the impact of upcoming elections. This webinar also offers a unique opportunity for live engagement with our experts through a Q&A session. Don't miss this chance to gain valuable insights from our seasoned panel. Hope you'll join us. Register here for access: https://lnkd.in/gjTeWaeS

Do you spend 0.203% of your budget on bread and 0.254% on chicken? How about 0.060% on salad dressing or 0.042% on pork chops? The Consumer Price Index (CPI) tracks price changes for everyday goods, but is it the best measure of inflation? Many high-end items aren’t even included. The Fed relies on it for rate decisions, yet this "perfectly imperfect" basket has kept them from making drastic cuts. If the CPI is this imperfect, reports John Norris, our Chief Economist, imagine how far it is from actual consumer experiences. Read more here: https://lnkd.in/g-4Ug2AS