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Pod 25. July FOMC, Rate hikes, and What is happening with markets at all time highs

Unusual Whales

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The Fed's Predictions for 2019

The jobs market remains sticky with a non-farm payroll employment for June 23, increasing by 209,000 and unemployment rate remaining relatively unchanged at 3.6%. As of June this year, the annual inflation rate was 3%, with the cost of something such as groceries rising 4.7% on the year. Updated Fed projections suggest rate hikes aren't over as well, with an additional 50 BIPs and rate hikes total projected throughout the rest of the year 2023.

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