In October, the monthly report on jobs in the United States gave positive indications on the trend of the economy without increasing pressure on prices: what are the impacts for investment choices?
High hires prevent recessionary developments, while the rise in the unemployment rate and the deceleration of wage growth prevent the increase in inflationary pressures, allowing the Fed to continue tightening without having to accelerate it.
We are a private Bank focused on Private Banking. Based in Milan, we have been in the business for 100 years. We are part of an international group specialising in Wealth Management that includes the Switzerland-based PKB Private Bank SA as well as other Entities providing Asset Management and fiduciary services. This allows us to offer solutions typical of a broader financial network.
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