Here is what happened in the Capital Markets this week.
The Weekly Bottom Line (please click link to open)
The Weekly Bottom Line, courtesy of TD Economics, includes a review of market performances, recent key economic indicators, a calendar of upcoming key economic releases, and other relevant data. The highlights from this week’s report include:
· The U.S. economy generated solid job growth in July with payrolls expanding by 157k (170k private). The unemployment rate edged down to 3.9% (from 4.0%) and the core (25-54) labor force participation rate moved higher.
· Tariff concerns were once again in the spotlight. While the U.S. and EU called a truce, the battle with China continued to rage with little end in sight.
· The Fed’s decision to keep rates unchanged this week was just as markets expected. With above-trend growth likely to continue, a September rate hike is all but a foregone conclusion.