The unemployment rate decreased to 3.5% in March, well below the long-term average of 6.2%. However, total nonfarm employment only grew by 236k, a notable deceleration from the prior month, and wage growth decelerated to 4.2% y/y.
Market volatility persisted during 1Q23, but several of 2022’s underperformers experienced a notable turnaround, highlighting investors’ willingness to look beyond near-term challenges and to front run a dovish shift in monetary policy…
The first quarter 2023 investment market returns are in the books. The S&P 500 was up a 7.36%. The international stock markets were up 3.96% ( MSCI EM ) to 8.47% ( MSCI )…
Amid growing concerns about U.S. financial system stability, the Federal Reserve (Fed) continued pursuing its inflation-fighting mandate…