Americans are increasingly stressed due to inflation and rising interest rates, prompting more individuals to make financial changes in 2024. The Federal Reserve's aggressive tightening of monetary policy in response to inflation, along with uncertainty about future actions, raises concerns about the impact on middle-income Americans. Woodruff Sawyer predicts modest rate increases for property and casualty rates in 2024, with challenges in the casualty market and potential rate reductions through workers' compensation programs.

Financial Stress and Monetary Policy