8/6/2022 What the Heck
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 8/6/2022 Towne Wealth Management BLOG:
What the Heck
528,000 non-farm payroll jobs were added to the US economy, doubling analyst expectations, reports NBC NEWs 8/5/2022. This surprised markets, pushing futures lower on the belief that the Fed would now continue their aggressive posture. Wages, also, jumped .5% for the month of July giving many to say, ‘What the heck kind of a recession is this?” Pundits who credited a surge in the July markets with a projected pause in interest rate increases, are now on watch for a September increase. But…. on the other hand, WTI crude slipped below $90 a barrel, says OilPrice.com 8/5/2022.
‘Oil,’ after all, is a core contributor to inflation,
the animal the FED is wrestling with and trying to contain with interest rate manipulations.
“What the Heck!!!!”
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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.