Capital Market Impact

Cycle Watch | March 2023 Economy too hot for the Fed

March 14, 2023
A professional showing information on a laptop to another professional while having a discussion.

The economy added a substantial 311,000 jobs last month, more than expected. The latest jobs report comes at a critical time for the economy. A solid job market and ongoing high inflation could pressure the central bank to push short-term interest rates even higher.

Sources/Disclaimer

  • This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should work with their financial professional to discuss their specific situation.

    Except where otherwise indicated, the views and opinions expressed are those of Nationwide as of the date noted, are subject to change at any time and may not come to pass.

    Nationwide Funds are distributed by Nationwide Fund Distributors LLC, member FINRA, Columbus, Ohio. Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio.

    Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. © 2023 Nationwide

NFN-1434AO