![]() ![]() It's happening at a gradual pace, that's not a bad thing in a sense because if what we see is a very strong demand for labor, which is the engine of the economy, people are getting hired, many people are going back to work, getting wages, spending money but it's gradually cooling, that's a good prescription for where we want to get". So you see cooling, particularly in the private sector in the last report. Your total approval amount and cost of lease may vary. This is an example of a lease-to-own transaction, based on 36 payments twice a month for a total amount of 2,487.50 with a cost of lease of 2,686.50. job creation is still at a high level but it was at an extraordinary high level for most of the last two years. How often do you get paid Twice a Month Every Other Week For illustrative purposes only. Nonetheless, we're making progress there and by so many indicators, labor market demand is cooling - you can look at surveys by workers and businesses who see that, you can look at the quits rate normalizing, you can look at jobs openings coming down. Wages have actually been gradually moving down, they are still at levels what would be consistent over a long period of time with 2% inflation. I don't think we are targeting wage inflation - what we are looking for is a broad cooling in the labor market conditions, and that's what we are seeing. "In relation to goods, it's really an indication that supply chains and shortages are easing. "I think the Fed won't stop until they see wage inflation down." Powell's message was clearly that the Fed will wait for economic data to make new decisions, said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management. There's always a fear of a big surprise," said Angelo Kourfafas, investment strategist at Edward Jones. "The message for the market was that it didn't move the needle. Goldman Sachs said in a note to clients that the Fed's statement did not signal a slower pace of hikes in the future, but that the bank was expecting a hold in September. The Fed lifted its benchmark overnight interest rate by a widely expected 25 basis points, marking the 11th hike in the central bank's past 12 policy meetings.įed Chair Jerome Powell said the central bank will make decisions meeting by meeting, closely watching economic data, but noted that a rate cut is very unlikely this year. Stocks ended Wednesday little changed following a Federal Reserve rate hike that left the door open for future hikes, but the Dow scored a 13-day winning streak. Snap Finance is a lease-to-own financing provider that empowers credit-challenged shoppers with the buying power to get what they need now, and then allows them. SNAP Financial Corporation is Canada’s premier consumer financial services company.Stocks close little changed after Fed rate hike Innovative, flexible marketing and payment deferral programs.In depth dealer training on how to integrate financing into your sales strategy.Prompt dealer payment through electronic transfer (typically within 48 hours.Fast and easy credit approvals available 24/7 over the Internet or call centre.Innovative marketing campaigns and payment deferral programs.The first of its kind in Canada, SNAP Financial and the Mobile Lending Platform will set the stage for remote loan origination in Canada. MLP offers dealers custom presentation and branding, instant loan decisioning and document execution supported by DocuSign. The MLP will provide dealers with a loan processing experience designed exclusively for the iPad. Affordable monthly payment options designed to get a 'yes' at the kitchen table. ![]() As an innovator in loan origination processes and dealer experience, SNAP has developed a robust Mobile Lending Platform (MLP) for use by its Canadian dealer network. SNAP Financial is a leading provider of home improvement financing in Canada. ![]()
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