It’s all about what the Fed does in 2023: Wells Fargo global strategist
Wells Fargo Investment Institute senior global market strategist Scott Wren forecasts how high the Fed raise rates this year and if U.S. stocks are the best place for investors to be on ‘Varney & Co.’
Here are the key events taking place on Thursday that could impact trading.
2Q GROWTH: The Commerce Department will release its second estimate of 2Q GDP.
The Refinitiv forecast is for a seasonally adjusted annual decline of 0.8%.
That’s a slight improvement from the advance estimate of -0.9%, which followed a surprise contraction of 1.6% in first quarter.
TIPS FOR NAVIGATING A RECESSION