John Hancock: What Is Inflation And Why Does It Matter To Investors?
Inflation is the rise in prices of products and services that people use every day. When the cost of basic items like food, electricity, and transportation goes up, individuals and businesses simply can’t buy as much as they could before. Multiply this across millions of transactions and the entire U.S. economy feels the effects. Here’s […]
LPL: Another Solid Month For The Job Market
Economic Blog November 1, 2019 The U.S. labor market stood strong against headwinds in October. Nonfarm payrolls increased 128,000 last month, higher than consensus estimates for an 85,000 gain. October’s payrolls beat expectations despite a 42,000 slide in automaker payrolls, largely from the General Motors strike. August and September’s job gains were also revised up […]
John Hancock: Weekly Market Recap Week Ended November 1st
Fed drops rates As widely expected, the Fed cut interest rates on Wednesday by 25 basis points, to a range of 1.5% to 1.75%. FOMC commentary hints that a December repeat is unlikely. More new highs The S&P 500 and NASDAQ climbed to record highs, topping previous records set in late July. The […]