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Markets rose Friday morning after strong tech earnings and the latest jobs report from the Bureau of Labor Statistics. The US economy added 187,000 jobs in July, and the unemployment rate ticked down to 3.5% — a "Goldilocks" report that is neither good nor bad.
Even as the economy seems uncertain, financial experts recommend playing the long game.
Chisholm, who's based in Boston, does not invest a single dollar at the company, but her work informs the views of its 150 portfolio managers who run 450 or so mutual funds and exchange-traded funds.
One day after Federal Reserve Chair Jerome Powell hammered home his message that more rate hikes are coming, Wall Street faces a slew of economic data that could show the economy is healthier than the Fed would like.
The Federal Reserve said in a Wednesday statement the decision to hold the rate steady allows it to “assess additional information and its implications for monetary policy.”