Market volatility surges amid interest rate uncertainty
Stocks decline as interest rate uncertainty weighs. Investors grapple with shifting market dynamics amid geopolitical tensions and inflation concerns.
Cycle Watch | May 2023 Growth slows but no recession yet
May 16, 2023
By Mark Hackett
By Ben Ayers
About the author
Share
Following its May meeting, the Federal Reserve raised interest rates another quarter point, its tenth consecutive rate hike since last year. Going into that decision, the central bank signaled it might pause its policy tightening campaign – perhaps when it meets again in June. But recent data is complicating the Fed’s mission. In April, employers added 253,000 jobs, and the unemployment rate fell to 3.4%. A resilient labor market complicates the Fed’s next move.
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-1462AO
Share
