Gary Quinzel, CFP®, CFA®, and Vice President of Portfolio Consulting at Wealth Enhancement Group was featured by The Bond Buyer in “Better-Than-Expected Jobs Numbers Send Muni, UST Yields Higher Again.”
The fed futures still suggest no hike in November he noted, but odds for a December increase rose 10%. "Obviously, a lot will change between now and then, but this is a key data point that the Fed will monitor as it seeks to tame inflation, which has been leveling off at levels still well above the Fed's desired target," Quinzel said. Average hourly earnings on an annual basis remain above historical averages, which "will continue to add to inflationary pressures."
Access the full article written by Lynne Funk and Gary Siegel here.