Interest Rate Update…
This past week’s jobs report gave us evidence that the economy is not about to overheat and thus the Federal Reserve Board is not likely to move on increasing interest rates more quickly than originally anticipated.
According to the pundits at the Wall Street Journal – wage growth has not been strong enough to contribute to concerns about inflation at this point in time.
When you add the aforementioned concerns about world conflicts, it appears the Fed is more likely to keep rates low until sometime next year.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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