15 Jul QUARTERLY REVIEW Q2 2023
PARTY ON?
The U.S. economy continues its post-pandemic expansion – resisting the growth-dampening intentions of restrictive monetary policy. The Federal Reserve (Fed) has hiked interest rates by a cumulative 5% the past five quarters (a brisk 1% per quarter pace); in response, the labor market has added nearly five million jobs over that timeframe. Interestingly, the U.S. economy regained pre-pandemic employment levels…
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