Good And Bad News This Week For Investors

Published Friday, May 5, 2023 at: 9:05 PM EDT

There was good and bad news for investors this week: The good news was that the economy is not sliding into a recession anytime soon, despite Wednesday’s quarter-point interest rate hike by the Federal Reserve -- the tenth hike in the past 13 months. The bad news was the same: The economy is not sliding into a recession anytime soon, despite the most aggressive monetary tightening campaigns in modern history.  With Friday’s news that the economy created 253,000 net new jobs in April, the surprising strength defied expectations. It makes it difficult to imagine that a sharp slowdown will suddenly emerge...

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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.

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