Jul
15

Mixed Messages

moneyWhile the unemployment rate, inflation rate, and job creation numbers are starting to improve, GDP growth, wage growth, labor force participation, labor productivity and home building remain weak. It’s as if the economy is schizophrenic! Since the Fed has no idea how this unfolds, it cannot provide any assurances as to the timing or magnitude of future rate increases. Expect increased volatility as the first rate hike becomes possible.

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