QUICK TAKE: U.S. jobs report to trigger market volatility
December 2, 2022 (Investorideas.com Newswire) Nigel Green, deVere Group, CEO & Founder
"Investors should be prepared for increased market volatility. The U.S. jobs report is going to trigger turbulence as the labor market is still strong despite the Federal Reserve imposing the biggest series of rate rises in decades in its battle to cool inflation. This wage inflation means that the U.S. central bank is likely to be raising interest rates for longer than anticipated."
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deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.
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