This just in: CEO Chris Shuba on Schwab Network

Read the highlights of this week’s commentary from Helios:

The Fed raised rates by 75 basis points, as expected. However, the real news came from the two of the Fed’s comments. The first signaled a slower path going forward and one that will incorporate the total efforts so far and the lag in the timing of the economy feeling those impacts. On the flip side, Powell indicated the Fed’s path might end up with a higher overall rate in the end, with the median FOMC member seeing rates reaching 5%.

Payrolls increased by 261K in October, well above the 193K that was expected, along with positive revisions to prior months and continuing to signal a fairly hot labor market. The unemployment rate increased to 3.7%, with a slightly lower participation rate (62.2% vs. 62.3%).

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