6/22/2023 St-o-o-o-o-o-o-o-p….!!!!
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 6/22/2023: Towne Wealth Management BLOG:
St-o-o-o-o-o-o-o-p….!!!!
After 15 months and 10 consecutive rate hikes, which included four consecutive historical 75 basis point increases, ‘the Fed’… St-o-o-o-o-o-o-o-p-ed interest rate increases, according to USA Today June 14, 2023.
Unfortunately, with inflation reported by some at 4%, twice the Fed’s goal of 2%, there may be another increase in rates in late summer. On such information the markets have come off their recent highs.
Nevertheless, on a positive note, Bank of America, April 24, 2023, says markets are set up for a strong 2024 on strong earnings and investor placement of trillions in sideline cash.
And, I think we can all agree,
St-o-o-o-o-o-o-o-p….!!!!
Sure, sounded good…
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.