2 Question Tuesday – 05/09/2023 – Will We See Another Rate Hike in June & Should We Anticipate More Bank Failures?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- Will we see another rate hike in June?
- Should we anticipate more bank failures?
Phil, Mike, and Larry discuss the Friday’s jobs report which showed that U.S. hiring and workers’ pay gains accelerated in April, a sign of labor-market resilience. With nonfarm payrolls coming in much higher than Wall Street’s forecast and the unemployment rate falling back to a multi-decade low of 3.4%, will the Federal Reserve have to raise rates in June. They then talk about how rising interest rates have been one of the big factors behind the turmoil in the banking sector and whether the banking sector’s problems are over.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.