GDP growth slowed to a 1.6% rate in the first quarter, well below expectations: Real GDP was expected to increase 2.4% in the first quarter on a seasonally ...
cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
A Texas appellate court upheld a decision to reject attorney disciplinary charges against Donald Trump ally Sidney Powell ...
reut.rs/3Q7IwBz
Stock Market Today: Dow, S&P Live Updates for April 17: Stocks in Asia were set for a mixed open following hawkish comments by Jerome Powell that helped fuel a ...
bloomberg.com/news/articles/2024-04-16/stock-market-today-dow-s-p-live-updates
US job growth beats expectations in March; wages increase steadily: U.S. job growth blew past expectations in March and wages increased at a steady clip ...
reuters.com/markets/us/us-job-growth-beats-expectations-march-wages-increase-steadily-2024-04-05/
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
BlackRock CEO Larry Fink is skeptical of the Fed's 2% inflation target: The BlackRock CEO says interest rates are still coming, but that the central bank’s ...
qz.com/blackrock-larry-fink-fed-rate-cuts-1851406856
Withering Heights: The Bloomberg Close, Americas Edition: Good afternoon. Here's what you need to know to end your day.
bloomberg.com/news/newsletters/2024-03-05/withering-heights-the-bloomberg-close-americas-edition
Paid articlePaid
US Job Openings Remain at High Level in Labor-Market Strength: US job openings remained elevated in January, suggesting demand for workers is still strong.
bloomberg.com/news/articles/2024-03-06/us-job-openings-stayed-elevated-at-8-86-million-in-january
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Meet Clarence Thomas’ Likely Successor If Trump Gets a 2nd Term: Fifth Circuit Court of Appeals Judge James Ho may just be the most reactionary federal appellate ...
progressive.org/latest/remaking-the-supreme-court-blum-20240309/
The Fed Is Wrong About How Low Interest Rates Will Go: This time around, the market has it right. The federal funds rate will probably stay a lot higher than ...
bloomberg.com/opinion/articles/2024-04-04/the-fed-is-wrong-about-how-low-interest-rates-will-go
Paid articlePaid
US job openings were little changed in February from the prior month, pointing to resilient demand for workers.
CNBC Daily Open: Will the Fed not cut rates in 2024?: No interest rate cuts in 2024? That would seem pretty far-fetched for many market watchers ...
cnbc.com/2024/03/05/cnbc-daily-open-will-the-fed-not-cut-rates-in-2024.html
Dollar’s Rally Against Brazilian Real Amid Market Fluctuations: On Thursday, the US dollar made a modest comeback against the Brazilian real ...
riotimesonline.com/dollars-rally-against-brazilian-real-amid-market-fluctuations/
U.S. inflation sees slight decline but remains above Fed target: The costs of physical goods, including clothing, used cars and prescription drugs ...
pbs.org/newshour/economy/u-s-inflation-sees-slight-decline-but-remains-above-fed-target
US CPI Revisions: 4Q 2023 Core Consumer Prices Match Previous Reading: US inflation was about the same at the end of last year as initially reported after ...
bloomberg.com/news/articles/2024-02-09/us-cpi-revisions-offer-relief-with-little-change-to-recent-pace
January Jobs Report Live Updates: U.S. Job Growth Surges: The labor market added 353,000 jobs in January, far more than expected, in a sign that economic growth ...
nytimes.com/live/2024/02/02/business/jobs-report-january-economy
Quick Glance: Record Number of New Jobs in the US in January
- New data from the Labor Department shows that the US economy added 353,000 jobs in January, with the unemployment rate at 3.7 percent.
- The January jobs report far exceeded economists' expectations, who predicted a gain of 185,000 jobs and an unemployment rate of 3.8 percent.
- "The labor market is the little engine that could, and it kept chugging away in January," said John Leer, chief economist at Morning Consult.
- The surprisingly strong jobs report will exclude a rate cut in March and raises questions about how quickly the Fed will actually lower interest rates.
Bloomberg - Are you a robot?: 445: 65c516e0abf43
bloomberg.com/news/articles/2024-02-08/us-mortgage-rates-tick-up-as-fed-signals-its-fight-s-not-over
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Wall Street braces for commercial real estate timebomb: Remarks last week by Federal Reserve Chair Jerome Powell about a spate of coming bank failures related to ...
thehill.com/business/4526847-wall-street-braces-for-commercial-real-estate-timebomb/
US Treasury Boosts Quarterly Debt Sale, Sees No More Increases Coming: The US Treasury boosted the size of its quarterly issuance of longer-term debt for a third ...
bloomberg.com/news/articles/2024-01-31/us-increases-quarterly-debt-sale-sees-no-more-boosts-coming
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The labor market started 2024 on a high note.
On Wednesday, Federal Reserve Chair Jerome Powell described the labor market as "at or nearing normal but ... Show more
yhoo.it/48755fP
yhoo.it/48755fP
The U.S. economy grew at a 3.3% pace in the fourth quarter, much better than expected
cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html
Quick Glance: US Economy Grows 3.3% in Fourth Quarter
- The US economy grew much faster than expected in the final quarter of 2023, avoiding a projected recession, as reported by the Commerce Department on Thursday.
- Gross domestic product, a measure of all goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023.
- The third quarter saw a growth rate of 4.9%.
- The US economy accelerated throughout 2023 at a 2.5% annualized pace, surpassing Wall Street expectations and exceeding the 1.9% increase in 2022.
Dollar falls, Treasury yields drop on rate cut expectations: Current futures pricing suggests a 70% probability that the US central bank might begin rate easing ...
freemalaysiatoday.com/category/business/2024/03/07/dollar-falls-treasury-yields-drop-on-rate-cut-expectations/
Pro-Trump network OAN execs may have ‘engaged in criminal activities’ while promoting 2020 election lies, Smartmatic alleges
cnn.com/2024/01/29/business/oan-smartmatic-election-lawsuit/
When Is the Next Jobs Report?: Bad news on the jobs front is good news for stocks.
kiplinger.com/investing/when-is-the-next-jobs-report
Claudia Sahm: US Economy Should Avoid Recession: "We solved the labor shortage," says Claudia Sahm.
businessinsider.com/recession-outlook-claudia-sahm-rule-federal-reserve-inflation-interest-rates-2024-2
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Labor report indicates U.S. job market's resilience amid high interest rates
pbs.org/newshour/economy/labor-report-indicates-u-s-job-markets-resilience-amid-high-interest-rates
Quick Glance: Strong U.S. Employment Growth in December
- The U.S. labor market closed 2023 with strong dynamics as the pace of hiring exceeded expectations.
- In December, 216,000 positions were added while the unemployment rate remained at 3.7%.
- Inflationary pressures continue to prevail in the labor market despite declines elsewhere.
- The U.S. economy continues to defy expectations for a slowdown and has undergone the most aggressive monetary policy tightening in 40 years.
Vietnam Detains Ex-PetroVietnam Chair Hoang Quoc Vuong in Power Abuse Probe: Vietnam police detained a former chairman of Vietnam Oil and Gas Group who is also a ...
bloomberg.com/news/articles/2024-01-04/vietnam-detains-ex-petrovietnam-chair-in-power-abuse-probe-lqz4kcna
Trump, not acting in presidential capacity on Jan. 6, can be sued, court rules: Trump would not be protected by presidential immunity, the court ruled.
axios.com/2023/12/01/trump-jan-6-liable-can-be-sued
Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
huffpost.com/entry/ap-us-federal-reserve-inflation-beaten_n_657e0abbe4b0e142c0bde3e1
Morning Bid: Dovish Fed view courses through markets: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-pix-2023-12-03/
Exclusive: Over 2,500 young adults signal interest in part of Biden's "Climate Corps"
axios.com/2023/12/01/biden-climate-corps
‘The era of “do nothing, the boss can’t fire me” is over’ says Ivy League professor Jeremy Siegel, as workers face down fear of layoffs
fortune.com/2023/11/07/jeremy-siegel-do-nothing-era-is-over-labor-market/
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Quick Glance: Workplace Anxiety Driving Productivity
- Professor Jeremy Siegel of the Wharton School of the University of Pennsylvania suggests that fear of layoffs has actually contributed to the increase in productivity.
- Productivity has surged, partially due to workers' fear of being laid off, according to Professor Siegel.
- Professor Siegel anticipates this productivity surge to continue, partially supported by advancements in artificial intelligence.
- Siegel is disappointed in the Fed's lack of attention to productivity in the macroeconomic environment, and believes this will result in another pause from the Fed in December unless something extraordinary happens in the coming weeks.
Bonds cheer Fed talk of cuts; kiwi flies: Treasury yields and the dollar hit multi-month lows on Wednesday after a Fed official made fresh hints of U.S ...
reuters.com/markets/global-markets-wrapup-1-2023-11-29/
US consumer inflation eased in October as cheaper gas slowed overall price increases
apnews.com/article/inflation-prices-interest-rates-economy-federal-reserve-1f83d45fc6e30c6864d1b02913ec60c6
Quick Glance: Surprising Drop in US Producer Prices in October
- Last month saw the largest decrease in the producer price index for final demand since April 2020 at 0.5%.
- The PPI increased by 1.3% in the 12 months through October, following a 2.2% rise in September.
- Goods prices experienced a 1.4% decline in October, with a 15.3% decrease in gasoline prices being responsible for over 80% of the drop.
- Food prices fell by 0.2%, while prices for light motor trucks decreased.
October job openings fall to 8.7 million; lowest since 2021 - UPI.com: Job openings in October dropped to their lowest total in more than two years according to ...
upi.com/Top_News/US/2023/12/05/job-openings-October/1231701795212/
Quick Glance: Record Low for US Job Openings
- Job openings fell by 617,000 to 8.733 million in October
- Ratio of 1.34 job openings per unemployed person
- Quits rate remains unchanged at 2.3% for the fourth consecutive month
US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates
politico.com/news/2023/11/03/unemployment-rate-hiring-freezes-00125214
Quick Glance: US Adds 150k Jobs in October Despite Rising Unemployment Rate
- The US economy created 150,000 jobs in October, while the unemployment rate rose to 3.9 percent.
- The October jobs report fell short of expectations after economists projected the US to add approximately 170,000 jobs and maintain an unemployment rate of 3.8 percent.
- Manufacturing jobs declined by 35,000 in October, mainly due to strike activity, with a significant decrease of 33,000 jobs in the motor vehicles and parts sector.
- The UAW reached tentative agreements with the three major automakers at the end of October.
Slowing US inflation boosts hopes Fed done with rate hikes: U.S. consumer prices were unchanged in October as Americans paid less for gasoline ...
reuters.com/markets/us/us-consumer-prices-unchanged-october-2023-11-14/
Fed's Kashkari Warns Against Early Celebrations In Inflation War: 'Under-Tightening Will Not Get Us Back
benzinga.com/news/23/11/35634211/feds-kashkari-warns-against-early-celebrations-in-inflation-war-under-tightening-will-not-get-us-bac
Quick Glance: Fed's Kashkari Urges Caution in Inflation Battle
- President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, warns against premature victory declarations over inflation, despite signs of easing price pressures.
- While Federal Reserve Chair Jerome Powell hinted at the central bank being done with interest-rate hikes, Kashkari emphasized it's too early to conclude on future hikes.
- Why It Matters: Kashkari's insistence on more data signals the complexity of the ongoing war against inflation, highlighted by the ambiguous economic stance of Federal Reserve Chairman Powell.
- This decision marked the second consecutive rate pause, as detailed in another Benzinga report.
October Jobs Report Live Updates: U.S. Adds 150,000 Jobs: The labor market cooled, with 150,000 jobs added in October, lower than expected but not too different ...
nytimes.com/live/2023/11/03/business/jobs-report-october-economy
Key Fed Inflation Report May Delay Rate Cuts: Analysts forecast the key Federal Reserve inflation report will show more disinflation. But there's some risk ...
investors.com/news/economy/federal-reserve-key-inflation-report-may-delay-rate-cuts-cool-sp-500/
Dollar touches 150 level vs yen after Powell/Treasuries double-whammy: The dollar briefly touched the closely watched 150 level against the yen on Friday ...
reuters.com/markets/currencies/dollar-broadly-up-threatens-150-yen-benchmark-treasury-yield-climbs-2023-10-20/
Inflation held steady in September, running hotter than expected: Consumer prices rose 3.7% over the year ending in September.
abcnews.go.com/Business/fresh-inflation-data-expected-show-slight-cooldown/story
Quick Glance: Inflation stable as Fed considers more rate hikes
- Poland's central bank lowered interest rates by 75 basis points on September 6, 2023, despite double-digit inflation.
- The consumer price index (CPI) rose roughly in line with economists' expectations.
- Annual inflation rate stayed flat and monthly price growth fell from a 0.6% increase in August.
- Rising housing costs were the biggest contributor to inflation in September, driven primarily by rents and high home prices.
What smaller pay raises mean for inflation, recession, workers: As wage growth has slowed and inflation isn't as high as before, there might not be a need for ...
businessinsider.com/pay-raise-wages-inflation-recession-federal-reserve-rate-hikes-2023-11
An extended pause on Fed interest rate hikes is prudent for us all: With interest rates now positive in real terms, the impact of policy tightening on the ...
thehill.com/opinion/finance/4289967-an-extended-pause-on-fed-interest-rate-hikes-is-prudent-for-us-all/
Quick Glance: Fed rate hikes possibly concluded as labor market further cools
- Slowing U.S. job growth and cooling wage pressures might provide Federal Reserve policymakers with renewed confidence that the U.S. economy is adapting to the impact of the coronavirus pandemic, allowing inflation to ease without requiring additional interest rate increases.
- Bond yields declined, and traders of contracts linked to the Fed's policy rate now perceive only a 12% probability of a rate hike by January, down from 30% prior to the release of the employment report.
- The reports on inflation in the upcoming months will be crucial, he stated.
- Despite the relaxation of financial conditions, the Fed will depend on economic data to determine its course of action, "and the data indicate that we are finished with rate hikes."
The Big Bond Market Event Wednesday Is at Treasury, Not the Fed: The Federal Reserve’s policy statement is setting up to be the No. 2 event on Wednesday ...
bloomberg.com/news/articles/2023-10-29/the-big-bond-market-event-wednesday-is-at-treasury-not-the-fed
September saw the highest monthly job total since January, driven by various industries. The labor market has been a key factor in the Federal Reserve's read ... Show more
yhoo.it/45qJHRn
yhoo.it/45qJHRn
Quick Glance: Surprisingly strong increase of 336,000 jobs in the US in September
- US employers create 336,000 jobs in September, the largest monthly rise since January and a sign of economic resilience.
- Over the past three months, an average of 266,000 jobs have been created per month, increasing the likelihood of further interest rate hikes by the Federal Reserve to control inflation.
- The job market has overcome various challenges this year, including high inflation and rapid interest rate hikes by the Fed.
- Notably, wage growth slows down in September, with average hourly pay rising 4.2% from a year earlier.
US Productivity Rises, Unit Labor Costs Decrease: US labor productivity advanced by the most in three years, helping to alleviate the inflationary impact of ...
bloomberg.com/news/articles/2023-11-02/us-productivity-grows-by-most-since-2020-labor-costs-decrease
The Labor Market Has Dropped To Its Lowest In Nearly Three Years: The economy added 101,000 fewer jobs this summer than experts forecasted, suggesting a labor ...
essence.com/news/money-career/labor-market-jobs-report-economy/
What smaller pay raises mean for inflation, recession, workers: As wage growth has slowed and inflation isn't as high as before, there might not be a need for ...
businessinsider.com/pay-raise-wages-inflation-recession-federal-reserve-rate-hikes-2023-11
The Federal Reserve holds interest rates steady but hints at more action this year
npr.org/2023/09/20/1200327332/federal-reserve-inflation-economy-interest-rates
Quick Glance: US Federal Reserve Maintains Steady Interest Rates - Temporarily
- In March 2022, the bank already raised interest rates from near zero to cool the economy and control price inflation.
- They also anticipate higher interest rates next year compared to previous forecasts.
- The US announcement precedes the Bank of England's meeting on Thursday, as it tackles its own inflation challenges.
- The widely expected rate increase by the Bank has not been announced.
Delayed Government Economic Data to Test Alternatives in US Shutdown: The imminent US government shutdown that threatens to delay the publication of key economic ...
bloomberg.com/news/articles/2023-09-28/delayed-government-economic-data-to-test-alternatives-in-us-shutdown
Inflation nudged up again in August : High gas and housing costs continue to muddle policymakers’ fight to slow the economy and tame consumer prices.
washingtonpost.com/business/2023/09/13/cpi-inflation-august/
Quick Glance: Massa blames IMF for August inflation surge
- Economy Minister Sergio Massa blames the IMF for the sharp increase in inflation last month.
- Massa criticizes the IMF's devaluation of the peso and the PAIS tax as burdensome measures for the economy.
- Massa emphasizes that strengthening the peso is the best way to combat inflation and regain Argentina's autonomy and sovereignty.
- The statement allows Massa to criticize the multilateral organization lending billions to Argentina and also attack his main opponent, Javier Milei, who advocates for the dollarization of the Argentine economy.
Why the August jobs report bodes well for the inflation fight, according to economists
abcnews.go.com/Business/august-jobs-report-bodes-inflation-fight-economists/story
Quick Glance: US Adds 187K Jobs in August, Unemployment Rate Rises to 3.8%
- Labor market plateaued in August as Federal Reserve considers another interest rate hike.
- Jobless rate rose 0.3 percentage points in August, while labor force participation rate rose 0.2 percentage points.
- Inflation ticked up slightly in July, falling from its peak of 9.1 percent last summer.
- Fed officials are looking for signs that the job market is slowing under the weight of past increases.
Pillow Talk: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2023-09-14/pillow-talk-the-bloomberg-close-americas-edition
US economic growth for the second quarter was revised downward today as declines in business investment outweighed upward revisions to state, local ... Show more
yhoo.it/44wceEM
yhoo.it/44wceEM
Stock Market Today: Dow, S&P Live Updates for August 25: Asian stocks opened weaker after a selloff on Wall Street while Treasury yields stabilized after further ...
bloomberg.com/news/articles/2023-08-24/stock-market-today-dow-s-p-live-updates
Inflation is ebbing and compensation is rising, new economic data shows: A trove of economic data released Friday provides the latest evidence that price ...
thehill.com/homenews/4124962-inflation-is-ebbing-and-compensation-is-rising-new-economic-data-shows/
Quick Glance: Inflation Gauge Reaches Lowest Level in Over 2 Years
- Prices increased by just 3% in June compared to the previous year, below the Fed's 2% inflation target.
- On a monthly basis, prices rose by 0.2% from May to June, slightly higher than the previous month.
- Smaller wage increases are expected to slow down inflation over time.
- Despite a decrease in overall inflation, core inflation remains high.
How the Federal Reserve uses higher interest rates to tame inflation: Interest rates are headed higher again, as the Federal Reserve resumes its fight with ...
pbs.org/newshour/show/how-the-federal-reserve-uses-higher-interest-rates-to-tame-inflation
Quick Glance: US Economy Stays Strong: GDP Grows by 2.4% in Q2
- The Commerce Department announced that the gross domestic product, adjusted for inflation, increased by a 2.4 percent annual rate in the second quarter.
- Business investment rebounded in Q2 following a slump in the previous quarter, and growth was also supported by increased spending from state and local governments.
- According to Patrick Weiler, President and CEO, the company will initially utilize only a quarter of the available space.
US GDP 2Q 2023: Economy Grows 2.4%, Topping Estimates: US economic growth unexpectedly picked up steam in the second quarter thanks to resilience among consumers ...
bloomberg.com/news/articles/2023-07-27/us-gdp-growth-accelerates-to-2-4-as-consumers-show-resilience
Quick Glance: Hopeful Moment: Positive Signs for Biden Economy
- The gloomy prospects for the economy under President Biden are clearing up surprisingly fast, as recession fears subside and inflation cools.
- Positive news in the data: Worker wages are rising faster than prices, consumer spending remains strong, and new government investments in infrastructure and clean energy are strengthening the overall economy.
- Corporate investments in infrastructure, such as factories and transportation equipment, increased by 56 percent in the last quarter, contributing over a third to the overall economic growth.
- Morgan Stanley significantly revised its GDP forecasts for the year last week, tripling its annual prediction from 0.4 percent to 1.3 percent, citing ongoing government investments.
Good News for the Fed as Job Market Cools Without Delivering Pain: This is Washington Edition, the newsletter about money, power and politics in the nation’s ...
bloomberg.com/news/newsletters/2023-08-29/good-news-for-the-fed-as-job-market-cools-without-delivering-pain
Asian markets retreat ahead of Powell speech: RECAP: A mini-rally on most Asian markets came to a halt yesterday ahead of a keenly awaited speech by US Federal ...
bangkokpost.com/business/general/2636255/asian-markets-retreat-ahead-of-powell-speech
U.S. Economic Grew Better Than Expected 2.4% During Second Quarter—Again Defying Recession Fears
forbes.com/sites/dereksaul/2023/07/27/us-economic-grew-better-than-expected-24-during-second-quarter-again-defying-recession-fears/
August mortgage rates forecast: No relief in sight: The economy is growing with surprising stamina, and inflation is sticking around. Those signs point to an ...
omaha.com/news/nation-world/business/personal-finance/inflation-mortgage-rates-august/article_a255ac3a-9513-5dae-8f70-6ad63132afc3.html
Expect more rate hikes from the Fed after the latest jobs report: An interest rate hike later this month was already in the cards for the Federal Reserve ...
cnn.com/2023/07/07/economy/fed-jobs-july-meeting/
US economy adds 187,000 July jobs in sign labor market is cooling: Figure is less than expected in first jobs report since Fed raised interest rate to 22-year ...
theguardian.com/business/2023/aug/04/us-economy-july-jobs-labor-market
Quick Glance: US employers create 187,000 jobs in June; unemployment rate drops to 3.5%
- US employers added 187,000 jobs last month, lower than expected, due to the impact of higher interest rates on the economy.
- The labor market has consistently added jobs over the past year, despite efforts by the Federal Reserve to cool down the economy.
- Economists had anticipated 200,000 new jobs in July.
- Despite the influx of workers, average hourly wages rose 0.4% from the previous month and 4.4% from the previous year - figures that were higher than expected and are likely to concern the Fed.
Job Market Is Giving the Fed What It Wants — Just Slowly: For all the gyrations in US labor data, the longer-term trend shows a cooldown, just as policymakers ...
bloomberg.com/opinion/articles/2023-07-07/jobs-report-labor-market-gives-the-federal-reserve-what-it-wants-just-slowly
The US economy grew more than initially anticipated in the first quarter, according to the Bureau of Economic Analysis.
The BEA's third reading of gross ... Show more
yhoo.it/3Jy7xT9
yhoo.it/3Jy7xT9
Oil rallies 1% after hawkish remarks from Fed's Powell: Oil prices gained a dollar a barrel on Wednesday after some analysts predicted a drawdown in U.S ...
reuters.com/business/energy/oil-extends-declines-china-growth-woes-firmer-dollar-2023-06-21/
Oil rallies 1% after hawkish remarks from Fed's Powell: Oil prices gained a dollar a barrel on Wednesday after some analysts predicted a drawdown in U.S ...
reuters.com/business/energy/oil-extends-declines-china-growth-woes-firmer-dollar-2023-06-21/
The Fed grows confident its Goldilocks economy might come true: The U.S. may not have to sacrifice the economic gains achieved in the pandemic recovery.
axios.com/2023/06/15/fed-rate-hikes-economy-soft-landing
Quick Glance: CPI Report: Inflation Halved Compared to Last Year
- According to the latest CPI report, inflation in May was cut in half compared with a year earlier.
- Inflation fell in May to around half last year’s peak but remained elevated, indicating progress in cooling price pressures.
Tuesday's Market Minute: Another Week With The Focus On The Fed - Darden Restaurants (NYSE:DRI), FedEx (N
benzinga.com/markets/23/06/32930081/tuesdays-market-minute-another-week-with-the-focus-on-the-fed
An unexpected increase: Fed’s favorite inflation measure heated up last month: The US economy has encountered some expected turbulence on inflation’s descent.
cnn.com/2023/05/26/economy/pce-inflation-fed-april/
U.S. adds over a quarter million jobs despite Fed's rate hikes: America’s employers added a robust 253,000 jobs in April, evidence of a labor market that ...
pbs.org/newshour/economy/u-s-adds-over-a-quarter-million-jobs-despite-feds-rate-hikes
Quick Glance: Strong Job Market Growth Surprises Despite High Interest Rates in April
- US employers added 253,000 jobs in April, a significant increase compared to the previous month.
- The unemployment rate decreased from 3.5% in March to 3.4% in April.
- African American unemployment rate reached a record low of 4.7%.
- Job gains for February and March were revised down by 149,000 jobs in total.
US jobs market softening; slumping productivity boosts labor costs: The number of Americans filing new claims for jobless benefits increased last week as the ...
reuters.com/markets/us/us-weekly-jobless-claims-rise-higher-borrowing-costs-cool-demand-2023-05-04/
What the April jobs report means for you, your employer, and the Fed: High prices, rising interest rates and banking uncertainty be damned: The US labor market ...
cnn.com/2023/05/05/economy/april-jobs-report-takeaways/
The US added more jobs than expected in April: The Department of Labor said the economy added 253,000 jobs
qz.com/the-us-added-more-jobs-than-expected-in-april-1850407911
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Fed Warned to Stop 'Needless Rate Hikes' as Inflation Cools for 10th Straight Month
commondreams.org/news/fed-stop-rate-hikes-inflation
Quick Glance: Egypt's Annual Inflation Eases for the First Time in 10 Months
- Egypt's CPI increased by 1.8% in April, slower than previous months.
- Food and beverage prices rose by 2.3% in April, with grain and bread prices up 7% and fish prices up 7.3%.
- Poultry and meat prices increased by 0.9%.
- Housing, water, electricity, natural gas, and fuel prices rose by 0.6%, while transportation prices rose by 0.9%.
Inflation Is Sticky, But Economists Can’t Agree on Why: The tight labor market plays an important role, but may not be the main culprit.
bloomberg.com/news/articles/2023-04-27/why-is-inflation-high-economists-can-t-agree-on-one-cause
Federal Reserve Pause Is Still Coming, Just Not Yet: The core consumer price index decelerated a bit in March from a month earlier but likely not enough to ...
bloomberg.com/opinion/articles/2023-04-12/cpi-report-federal-reserve-pause-is-still-coming-just-not-yet
After a Week of Mostly Gloomy Economic Data, the Fed’s Poised to Hike Again: This is Washington Edition, the newsletter about money, power and politics. Today ...
bloomberg.com/news/newsletters/2023-04-28/fed-set-to-hike-rates-again-after-a-week-of-gloomy-economic-data
Oil slips as debt talks pause, Fed warns of high inflation: Brent futures settled 28 cents, or 0.8%, lower at $75.58 a barrel, while West Texas Intermediate U.S ...
theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-rebounds-on-fading-risk-of-us-debt-default/
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