Investment Updates
Financial Economic News Analysis
Published Friday, July 8, 2022 at: 6:50 PM EDT
The U.S. economy added 372,000 new jobs in June, easing fears of a recession. Strong job creation makes a three-quarter of 1% rate hike likely on July 27, when the Federal Reserve releases its next policy statement.
The Wednesday, July 13, 8:30 a.m. ET, Consumer Price Index (CPI) release is the next important economic indicator to watch. If the pace of inflation eases, as measured by the CPI, then a “soft landing” could still be possible, and a recession may be avoided while the Fed fights to prevent a high-inflation mentality from becoming a permanent feature of the American consumer’s financial psyche.
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