We're moving from "too hot" to "just right"

Dear Investor, In the past few weeks, we’ve watched evidence accumulate suggesting that the economic narrative is shifting toward one in which growth cools from scorching levels — but not so much that the economy spirals into a recession. The May U.S. jobs report provided more confirmation of this shift. According to the report, U.S. employers added a healthy 390,000 jobs in May. This was down from the 436,000 jobs added in May but still stronger than expected. The unemployment rate was unchanged at a meager 3.6%.In summary, the U.S continues to put people back to work, which is good news for economic growth. The pace of job growth may be cooling, but employers seem to be attracting people back into the labor force without causing wage growth to accelerate, which is good news for those looking to bring inflation down. This is precisely the balance the Federal Reserve hopes for as it continues to tighten monetary policy in its efforts to cool inflation from very high levels.It may seem odd to be celebrating a slowdown in wage growth. But high wage growth amid tight supply is part of the reason we have high inflation. And wage growth isn’t worth much if inflation eats away your spending power.It appears that the labor market is a little less hot than it was earlier this year, and people are picking up on it. And the fact that this cooling has so far come without a material spike in the unemployment rate will be welcome news for the Fed as it maneuvers to bring down inflation. That said, inflation data will be watched extremely closely in the coming months. Because keep in mind: The Fed’s ultimate goal isn’t to just slow the economy. Its ultimate goal is to cool inflation. Using policy tools to slow the economy is just a means to achieve those ends. [image] Andrew Graham Editor, Silver Ridge Market Report P.S. For the past 50 years, my firm has helped investors navigate some of the darkest moments in our history. The rampant inflation of the 1970s … Black Monday … the dotcom bust … the 2008 financial crisis … even the 2020 collapse. What we're facing today, however, could be far worse … and last a lot longer. [In this new briefing]() I detail what this crisis means for you, your money and your future, including: How you can avoid its wealth-destroying impact … and potentially even grow your portfolio with seven simple investments. [Click here now before it's too late.](=) 316 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 316 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 316 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@SilverRidgePro.com or click the unsubscribe button below. [Unsubscribe]( Silver Ridge Media 30 N Gould St, Ste R Ste R Sheridan, Wyoming 82801 United States