A hot July jobs report did not show the typical recessionary dynamics of widespread layoffs, but bond markets continued to flash worries over a hard landing as the Fed raises rates.
Cornerstone Wealth Managing Partner Jef Carbone and Jacqueline Remmen, Morgan Stanley Private Wealth Management Private Wealth Advisor and Senior Vice President, sit down with Yahoo Finance Live to talk about the economic outlook amid Fed interest rate hikes, inflation, and growing jobs numbers.
The U.S. economy has now recouped all of the jobs it lost at the onset of the pandemic, with the unemployment rate falling to its lowest level since early 2020.