David Wright on Rising Unemployment & Market Volatility: Navigating Economic Challenges #5946
In this insightful interview, financial expert David Wright of Wright Financial Group and author of "Bonfires of the Sanities," delves into the latest U.S. initial jobless claims, which have slightly exceeded forecasts at 217K, compared to the predicted 215K and the previous 220K. Wright highlights the significance of these figures in the context of the current high-interest-rate economy, warning of their potential impact on overall economic conditions as unemployment is on the rise.
Further, Wright discusses the Federal Reserve's projection of the unemployment rate reaching 4.5% by the end of the year, underscoring the deviation from their target rate of 5% aimed at maintaining a 2% inflation rate. He reminds viewers of the Fed's primary objectives: ensuring steady employment and price stability, rather than supporting the stock market.
Concluding the interview, Wright provides his perspective on the stock market's future, predicting a range-bound situation marked by volatility, with significant fluctuations expected over the next 24 months. This insightful discussion offers valuable insights for those looking to understand and navigate the complexities of the current economic landscape.
Visit David here: Wright Financial Group
Buy his book here: bonefireofthesanities.com
Find Kerry here: FSN
-
13:07
Financial Survival Network
6 months agoConcentration and Debt in the Market with Eddy Gifford #5957
33 -
1:20:52
Michael Franzese
1 day agoMichael Franzese LIVE! | Democrat Failures & The Upcoming Election | Ep. 8
39.8K40 -
8:36
Adam Does Movies
22 hours ago $5.34 earnedThe Bikeriders Movie Review - It's Not What You Think
77.9K18 -
LIVE
LFA TV
10 hours agoTRUMP PHILLY & VIRGINIA SPEECHES LIVE! 1&7pm EST
1,408 watching -
59:26
Trumpet Daily
1 day ago $3.29 earnedHamas Has a Friend in the Biden Administration - Trumpet Daily | June 21, 2024
42K56 -
1:13:51
Edge of Wonder
1 day agoCIA Remote Viewed Jupiter, New Spider-Man Mandela Effect & Weird News
67.5K44 -
1:41:29
2 MIKES LIVE
1 day ago2 MIKES LIVE #81 OPEN MIKE FRIDAY!
49.6K7 -
1:10:19
Wendy Bell Radio
9 hours agoPet Talk With The Pet Doc (CBD and Mushroooms for Pets)
49.8K18 -
42:43
The Why Files
3 days agoProof of Life After Death: Hope and a Warning From The Other Side
79.8K149 -
1:40:35
Flyover Conservatives
19 hours agoShocking Facts about the Largest Structure EVER Built by Man - Conspiracy Conversations (EP #40) with David Whited - Timothy Schwab
70.7K38