top of page

US Federal Reserve raises benchmark rate, job market remains strong but challenges persist

Ballestas Group

During their Wednesday meeting, the Federal Reserve opted to raise their benchmark rate by 25 bps, pushing it to a range of 5%-5.25%. This is expected to mark the end of the Fed's rate hike cycle, according to market estimations. Recent employment data revealed that the economy added 253,000 jobs in April, exceeding expectations by a significant margin, with the unemployment rate dropping to 3.4%, the lowest it has been since 1960. Hourly wages also exceeded predictions, increasing by 0.5% in comparison to the previous month. Despite regulators' attempts to address confidence issues, regional banks continue to experience pressure. The Federal Deposit Insurance Corporation (FDIC) suggested potential reforms to prevent the outflow of deposits from vulnerable institutions, but these reforms would require congressional approval and may take some time to come into effect.


2 views0 comments

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