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...
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