Morning Note | July 6, 2023
Good Morning!
The markets are falling after the ADP jobs report showed 497K new jobs in June fearing more rate increases from the Fed. The S&P was down about 1% with the Nasdaq down -1.2%. The increase in jobs was more than double the estimate.
The Fed minutes confirmed that Fed Chair Powell is committed to seing the 2.0% target reached. Dallas Fed P…
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