Happy July! The unemployment rate dropped surprisingly to 4.1 percent in June (even though it was expected to rise to 4.3 percent) and the economy added 147,000 jobs. While there are still concerns about the impacts of tariffs, the economy continues to expand. Meanwhile, the President just signed into law the permanent extension of tax cuts first enacted in 2017 and added even more incentives for businesses to create jobs. The Federal Reserve is not expected to cut rates at its next meeting in July, but it is expected to cut rates two times before the end of 2025. It is too early to know if all signs are clear for more growth ahead, but so far, it is encouraging. In the meantime, I hope you have the chance to enjoy the early days of summer with friends and family!
All the Best, Jon Gauthier, President, GWM
If you are not connected to GWM on LinkedIn, request a link at: Linkedin.com/in/jon-gauthier-cfp/. You can also catch up on our latest activities at our Web site, www.gauthierwm.com.
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