The U.S. Bureau of Labor Statistics (BLS) reported that the consumer price index increased 3% year over year in June, falling to its lowest rate in more than two years. The latest reading marked inflation’s deceleration for the 12th consecutive month, an encouraging sign for Americans and the Federal Reserve (Fed).

On Jan. 30, 2023, the U.S. Departments of Health and Human Services (HHS), Labor and Treasury announced a proposed rule expanding access to birth control coverage under the Affordable Care Act (ACA). The proposed rule would eliminate the moral exemption, which was put in place in 2018, that permits employers to opt out of providing contraceptive services due to their moral convictions.

As 2023 begins, experts are predicting a recession. According to Citi Global Wealth Investment’s 2023 Wealth Outlook Roadmap, an estimated 2 million jobs could be lost nationwide, which could cause unemployment to rise above 5% this year if projections reach these estimates.