Hot off the press Trends Uncategorized Wholesale

Not too HOT or COLD but JUST RIGHT!! 2019

According to Wikipedia, “A Goldilocks economy is an economy that is not too hot or cold, in other words, sustains moderate economic growth, and that has low inflation, which allows a market-friendly monetary policy. The name comes from the children’s story The Three Bears.”

Here’s why Goldilocks and many Americans are smiling.

JOBS ADDED: Over 160K new jobs added in just July

INFLATION DOWN: Target rate of 2% year over year. Inflation is at 1.6%

STOCK MARKET: August has market coming out of a 180-day correction

GDP GROWTH IDEAL: GDP growth was 2.1% – that’s just right!

INTEREST RATES STABLE: At just 2.25%, very healthy

DURABLE GOODS ROSE: Machinery, Raw Materials & Equipment rose 2%

We love sharing good news and this is definitely good news as we enter the busiest time of year for most businesses.
Looking forward to a great end of year!