The economic landscape in Europe has not quite fully recovered to the pre- pandemic levels of late 2019 and early 2020. Europe has largely faced similar issues to those of the United States, such as supply chain disruptions, elevated prices of materials (particularly in semiconductors and energy), labor shortages, and inflation rates above normal levels. In some cases, pension policies have contributed to labor shortages.
Thomas Prohaska, chairman and chief executive officer of Idaho Trust Bank, announced the hiring of Jonathan J. Wick as executive vice president and chief financial officer.
Idaho Trust Bank is taking strides to innovate the "work from office" culture of the banking business. In January 2022, after gathering internal and external research including employee feedback, the leadership at the bank rolled out its own hybrid work model called 4Work.
Domestic stock indices had a rocky start to the year following very strong results in 2021. As the economy has improved, interest rates and inflation levels have begun to move up, which has hurt the performance of many fixed-income investments. More importantly, the direction of future monetary policy has emerged as a major concern. These worries have increased uncertainty and added to volatility in recent weeks. Despite these valid concerns, it is important to remember that these movements are a normal part of stock market activity.
Domestic stock indices had a very strong year in 2021. As the economy has improved, interest rates have begun to move up, which has hurt the performance of many fixed-income investments. Some regions have experienced an uptick in Coronavirus cases but the economic impact has been muted so far. However, the direction of future monetary policy has emerged as a major concern. These worries have increased uncertainty and added to volatility in recent weeks.