September 6, 2013
Inflation isn't here yet, and you'll have a long time to start thinking about it and how it might affect your portfolio. Friday's jobless report said the economy created 169,000 jobs in August, fewer than the 180,000 expected, and the unemployment rate fell to 7.3%, vs. 7.4% the previous month. "The devil's in the details," says Brian Battle, director at Performance Trust Capital Partners in Chicago. "The headline jobless rate declined, but the components are awful. For example, June and July non-farm payrolls were revised sharply downward, betraying far more weakness than the market had anticipated."