This Week's News About Wealth Management

Published Friday, September 8, 2017 at: 7:00 AM EDT

The Federal Reserve's August beige book forecasted broad-based, steady growth that is neither too hot nor too cold, a "Goldilocks economy."It's an ideal environment because it suggests the Fed will not feel compelled to hit the monetary brakes any time soon, particularly with inflation slowing down. The Institute of Supply Management's survey of corporate purchasing managers index came in this week at a very strong 58.8% for August. This indicator historically has slumped below 50% just before the economy fell into recession, although it has slipped below 50% even in a period of expansion.The new orders component...

To Read the Full Story, Subscribe or Sign In

This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.