Private Sector Employment Rises Despite Slower Momentum
Category: Economy Total Views: 193By : Dylan Bailey Updated: 07-24-2024
U.S. Business Activity Hits 27-Month High in July
July's 27-month high in U.S. business activity suggests strong economic momentum. Rising from 54.8 in June to 55.0, the flash U.S. Composite PMI Output Index from S&P Global Since April 2022 this is the highest level. Tracking both manufacturing and services, the index has a reading above 50 suggesting growth. Driven by notable increases in the services sector, this consistent increase points to robust private sector expans... Read More
The Great Resignation 2.0: Workforce Shift by End of 2024
Category: Economy Total Views: 165By : Addison Perry Updated: 07-21-2024
The Great Resignation 2.0: An Imminent Workforce Shift
The Great Exodus 2.0 looms since by the end of 2024 almost three in ten employees are expected to be leaving their jobs. Based on a Resume Builder poll, which revealed that 28% of 1,000 full-time employees want to leave their present jobs, this projection is This movement reflects the post-pandemic wave when 47 million Americans leave their employment in 2022. Particularly those between the ages of 18 and 34, younger employees... Read More
UK Services Inflation Stays High, Influenced by Wage Growth
Category: Economy Total Views: 150By : Hannah Lewis Updated: 07-17-2024
UK Inflation Holds Steady at 2% in June
In June, British inflation stayed at 2%, against predictions of a minor dip. Strong underlying price pressures stopped economists' projected drop to 1.9%. As it decides whether to change interest rates in the next weeks, the Bank of England (BoE) is under increasing criticism now. The constant inflation rate suggests ongoing economic difficulties even with past policies meant to lower it. Particularly with reference to possible interest ... Read More
Waller and Williams Point to September for Rate Reductions
Category: Economy Total Views: 155By : Addison Perry Updated: 07-17-2024
Fed Officials Signal Closer Move to Interest Rate Cuts
Top Federal Reserve officials say the U.S. central bank is almost decided on lowering interest rates. Better inflation patterns and a more balanced labor market help to support this change. Recent comments by Fed Governor Christopher Waller and New York Fed President John Williams both underlined this. Their implication of a possible September rate cut shows faith in the present course of the economy. Thomas Barkin, President ... Read More
Fed Rate Cut Prospects Unchanged Amid Steady Retail Sales
Category: Economy Total Views: 108By : Olivia Taylor Updated: 07-16-2024
June Retail Sales Remain Steady Amid Economic Resilience
U.S. retail sales stayed the same in June, proving consumer resilience and bolstering second quarter prospects for economic growth. Strength in other areas more than balanced a drop in auto dealership receipts. May's sales turned out to be higher than first projected, according the Commerce Department. This information fits the theory that, as inflation cools, the Federal Reserve might start lowering interest rates in Se... Read More