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Macroeconomic & Geopolitical
Jackson Hole Comments Contribute to Stock Decline, U.S. Jobs Market Expected to Remain Strong
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Investors give about a 65% chance of a 0.75% Fed rate hike in September. The U.S. jobs report on Friday is expected to show 3.5% unemployment and 300,000 jobs added.
Portfolio Construction Insights
How rates rise matters
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In prior rising rate environments, various parts of the municipal yield curve reacted differently based on economic conditions and the pace and scale of Fed activity.