2023 Will Be Financial Chaos | Federal Reserve Just Got Wrecked

In today's economic analysis, we explore several key indicators that shape the financial landscape. Starting off, we examine the latest ADP job report, showing a significant private-sector job growth with 497,000 workers added in June. This report has significant implications for market expectations and investor confidence. Coupled with this strong job data, we see a surge in mortgage rates, influenced by optimistic economic forecasts. What could this mean for the housing market and prospective homeowners? We then shift focus to Canada, where the Bank of Canada is predicted to raise rates 25 basis points on July 12. As lending from the Fed to banks eases, we discuss the interconnectedness of these decisions and their impacts on the global economy. As wealth disparities continue to broaden, the 'Richcession' rolls on. We delve into what it means to feel 'rich' in the current economic climate according to Americans surveyed.

TOPICS AND TIMESTAMPS:
Fed Hard Times 0:00
Economic Inflation Sensation 10:24

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#money #inflation #investing