Headlines discussed at LNWM’s Monday morning briefing:
— The US economy barely grew in 1st qtr 2017 (+0.7% annualized), on weaker consumer spending.
— US wages and employee benefits rose 0.8% in 1st qtr. 2017, the fastest quarterly increase since 2007.
— Congress passed a spending bill to avert a federal government shutdown until September.
— NASDAQ, the tech-stock index, set new high of 6,000, just 25% above 5,000 level hit 17 years ago.
— Only 53% of working-age Brazilians have jobs, a record low, amid country’s deepest recession ever.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.