top of page

Anticipating Fed's Move Amid Conflicting Data

  • Ballestas Group
  • Jan 30, 2023
  • 1 min read

The latest U.S. GDP figure showed slower growth, but a slower pace of slowdown than anticipated. The U.S. saw 2.9% growth in 4Q, down from 3.2% in Q3, yet still surpassing the projected 2.6%. After contracting 1.1% in H1, the recent growth is a positive sign. Recent data highlights the impact of interest rate hikes on consumer spending, for example, retail sales dropped in December as consumers reduced spending on items accumulated during the pandemic like furniture and electronics.

In January, US business activity contracted for 7 consecutive months, but with a slower rate of decline in both manufacturing and services sectors, and an improvement in business confidence. The services PMI is concerned with the accelerating input cost inflation, despite the economic contraction, due to rising wages, which could prompt the Fed to maintain their aggressive policy and affect markets.


Recent Posts

See All

Comments


ballestas-logo-blanco-1.png

Securities Offered Through Bolton Global Capital, Inc. Member FINRA, SIPC 

Advisory Services Offered Through
Bolton Global Asset Management, a SEC Registered Investment Advisor

Ballestas Group, Bolton Global Capital and Bolton Securities are not affiliated with BNY Mellon or Pershing, LLC.

State securities laws require that your Financial Representative be registered in the state in which you live.  For this listing, please refer to the Broker Check Link provided.

Check the background of your financial professional or our broker-dealers and registered investment advisor on FINRA's BrokerCheck. ​Bolton Global Capital, Bolton Global Asset Management and their financial professionals do not provide tax services. Copyright Bolton Global Capital, LLC, a registered broker-dealer.  For more information, visit https://finra.org or https://sipc.org.  Copyright Bolton Securities Corporation, d/b/a Bolton Global Asset Management and other trade names, a federally registered investment advisor.

 

Click on the following LINK for copies of the firms’ Form ADV, Client Relationship Summary, Brokerage and Advisory Accounts Fee and Conflicts Disclosure and other important disclosure information.

Ballestas Group © 2023. All Rights Reserved.

MB1/MBA0001d

bottom of page