The Lag in the Drag

Published: July 11, 2022, 3:41 p.m.

Last Friday\u2019s strong jobs numbers came as a relief to many who feared that the U.S. economy was quickly sliding into recession. On its face, the June employment report seems to support further aggressive Federal Reserve tightening, leading to higher U.S. interest rates and a further appreciation of the dollar, and offsetting forces impacting U.S. equities.\nFor additional insights from Dr. David Kelly, listen to the Insights Now podcast.