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Traders Warily Eye Tidal Wave Of Crucial Data In New Week
The July FOMC meeting is obviously this week's headliner, but it's not the only marquee market event. Not even close.
Those interested in a comprehensive preview of the Fed meeting are encouraged to peruse "Last Hike?", but suffice to say this week's fully-priced 25bps increment may or may not be the final move of the cycle. It depends on the data.
Speaking of data, and speaking to the preponderance of notables due this week, the docket in the US is crowded to put it mildly. On Thursday, 18 ho
I know real wages are still catching up, but for myself, at least, it is heartening to know that COVID and the accompanying labor shortage has served as a driver to push up wages when Congress and state legislators would not. The current official minimum wage is still a mean insult to a huge proportion of our neighbors. The fact that rising wages have finally allowed some of these folks to finally “breathe” is a positive step. Sadly, the fact that so many are still food insecure, without medical care and have had their food stamps cut by the GOP (who still want to keep slaves apparently, with a minimum wage below $10 and houses teeming with undocumented nannys), continue to complain about so-called criminal immigrants flooding our shores (and harvesting our crops, building our homes, and caring for our children). Contrary to what many of them think, Jesus does not love the masters in the GOP.
Lucky One – don’t forget that also help care of elderly people in assisted living facilities and nursing homes.