---
title: "Economic Risk Factor Update: December 2022 [SlideShare]"
description: Does the decline in consumer confidence indicate trouble ahead? Commonwealth CIO Brad McMillan takes a look in his latest Economic Risk Factor Update.
---

[The Independent Market Observer | Outlook. Opinion. Insight.](https://blog.commonwealth.com/independent-market-observer)

# [Economic Risk Factor Update: December 2022 \[SlideShare\]](https://blog.commonwealth.com/independent-market-observer/economic-risk-factor-update-december-2022-slideshare)

 Written by [Brad McMillan, CFA®, CFP®](https://blog.commonwealth.com/independent-market-observer/author/brad-mcmillan-cfa-caia-mai) | Dec 15, 2022 7:23:39 PM

My colleague [Sam Millette](https://blog.commonwealth.com/independent-market-observer/author/sam-millette), manager, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Economic Risk Factor Update. Thanks for the assist, Sam! Let’s take a closer look.

The November economic reports showed continued growth. More jobs than expected were added, which was an encouraging sign that the labor market remains strong. Additionally, service sector confidence showed an unexpected improvement during the month, which was another positive sign.

Despite the good news, the Fed’s plans for tighter monetary policy, high inflation levels, and the uncertainty caused by geopolitical and health risks remain. We have left the overall risk level at a yellow light for now

View a breakdown of the risks we’re watching in this SlideShare.

**[Economic Risk Factor Update: December 2022 \[SlideShare\]](https://www.slideshare.net/CommonwealthFinancialNetwork/economic-risk-factor-update-december-2022-slideshare)**  from **[Commonwealth](https://www.slideshare.net/CommonwealthFinancialNetwork)**

 

[View full post](https://blog.commonwealth.com/independent-market-observer/economic-risk-factor-update-december-2022-slideshare)

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