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Signs of Easing Strength in the Job Market May Not Be Enough for the Fed

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Market Commentary AUGUST 7, 2023 Northwestern Mutual
Woman reading Northwestern Mutual’s weekly market commentary.
Signs of Easing Strength in the Job Market May Not Be Enough for the Fed
Recent data suggests the employment picture may be heading for an inflection point. Here’s our look at why that may not be enough to satisfy the Federal Reserve.
Week ended… 07/28/23 08/04/23 One Week Change YTD One Year
S&P 500 Index 4,582.23 4,478.03 -2.27% +17.74% +9.69%
MSCI EAFE Index 2,196.24 2,143.22 -2.41% +12.90% +14.29%
Barclays Capital U.S.
Aggregate Bond Index
2,087.52 2,075.18 -0.59% +1.29% -4.09%
10-year Treasury Note Rate 3.953% 4.037% +8.4 bps +16.0 bps +134.8 bps
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Ben J Bowden
Ben J Bowden
Wealth Management Advisor
CA License: 4257963
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Ben J Bowden, 2591 Dallas Pkwy Ste 401, Frisco, TX 75034

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