Michael Wagner in The National Desk: Will June’s Jobs Report Impact Future Rate Hikes?
In a recent interview with The National Desk, Michael Wagner, co-founder and chief operating officer of Omnia Family Wealth, shares his expert opinion on the potential impact of the job market cooling down and its effect on the Federal Reserve’s interest rate decisions.
According to Wagner, the Fed is likely to continue with additional rate hikes, as the economy has proven resilient in the face of previous increases, without triggering mass layoffs.
Wagner also offers an optimistic outlook, suggesting that the data indicates a “soft landing” rather than a recession. This means a slowdown in spending without a complete halt, and the effects won’t be evenly distributed across the economy.
For more of his insights, read the full article here.