On the SPOT blog (07/08/2022) [M..]
- Salyl Bhagwat
- Jul 8, 2022
- 3 min read
Updated: Aug 30, 2022
Calm finish on the Wall Street today. All major US indices oscillated today with Dow and S&P dipping a bit while Nasdaq composite managed to close in green. In any case, US major indices finished the week in green. Jobs report this morning was strong so economy looks reasonably strong learning the way for Federal Reserve to remain aggressive with rate hikes for end-of-July meeting. I think the probability of Feds achieving soft landing has increased today. We still need to see consistent direction in economic data to get confident about that.