Exploring the rare scenario of higher savings account interest rates than mortgage rates in a strong economy, along with discussions on Shopify's benefits for businesses and the effectiveness of Indeed as a hiring platform. Reflecting on stock market performance and advising on analyzing past trends for informed investing decisions.
#502: The Fed met earlier this week and elected to keep interest rates at a 23-year high, in an effort to wrestle inflation closer to its two percent target.
Despite this, the April jobs report, which was released today, shows that jobs grew for the 40th consecutive month, and unemployment remains under 4 percent, an historic low, for the 27th straight month.
The 12-month inflation rate is 3.5 percent, based on March CPI data.
Stocks remain on a tear, but performance is lopsided, with 10 companies driving 85 percent of this years’ gains.
We cover this and more in our First Friday economic update episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode502
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