7/6/2023 On Second Thought…..It’s…to be for naught!!!
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 7/6/2023: Towne Wealth Management BLOG:
On Second Thought…..It’s…to be for naught!!!
Rates may go higher at this July Fed meeting after Thursday’s surprisingly hot jobs report, says Fortune 7/6/2023. While the strong labor market is protecting the economy from slipping into the long-feared recession, it may push the Federal Reserve into more interest rate increases. Specifically, an ADP Research Institute report suggested private employer hiring was much bigger last monththaneconomists expected, with nearly two-times as many jobs created than projected.
After the June rate skip, the markets were looking to a 1980’s rebound after the Fed ended their 32 consecutive increases;
But this appears, on second thought,
to be for naught…
Yet, in the near-term… as Scarlett suggested,
“Tomorrow is another Day.”
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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.