IMPORTANT NOTICE :
NEVER trust wiring or ACH instructions sent via email. ALWAYS confirm with the sender by phone or in-person. Cyber criminals are hacking email accounts and sending emails with fake wiring instructions. These emails are convincing, sophisticated, and often appear to come from someone you know or work with. Always independently confirm wiring or ACH instructions in-person or via a telephone call to a trusted and verified phone number. NEVER wire or ACH money without double-checking that the wiring or ACH instructions are correct.
The Weekly Economic & Market Recap
August 16, 2019
There is no question the global economy is decelerating and the main culprit is the escalation of trade tensions between the U.S. and China. Moreover, the JPMorgan Global Manufacturing Purchasing Managers’ Index resided at 49.3 in July (any figure below 50 signifies contraction) and has been falling consistently since April of 2018. Just this week German second quarter flash GDP declined by 10 basis points on a quarterly basis and China reported the weakest growth rate in industrial production on an annual basis in 17 years.
Click below to listen to this week's Peapack Private Wealth Management Market Report as heard on WCBS NewsRadio 880.