PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discusses the Federal Reserve’s upcoming actions.
“It’s hard to believe that we are halfway through the year, but we will be there on Friday as we also head into a very interesting earnings period,” said Celia. “By the middle of next month, we will begin to see earnings coming in, as well as job numbers. Non-farm payroll numbers come out this Friday and I think they’ll be more interesting than usual. I believe that it will increase by a hundred thousand or so. The unemployment rate is predicted to go down to 5.7 percent, and hourly earnings are looking to stay fairly flat. Pending home sales will also come out. That’s probably going to be a negative number, based on what we have seen.
“The most interesting part of the week: we’ve got New York Fed president speaking on Monday, and on Tuesday, the Richmond Fed president is speaking. So we’re going to start seeing more and more of these Fed presidents running some things up the flagpole. I do believe that the Fed is going to end up behind the curve. And I think the impact on the economy is going to be less significant because the economy is already reacting to what they believe is going to be higher inflation.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
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