Mixed Trends in Hiring and Layoffs Across Industries
Category: Economy Total Views: 502By : Logan Wright Updated: 07-02-2024
U.S. Job Openings Rise in May Despite Previous Declines
After notable drop in the previous two months, U.S. job openings rose in May. On last day of May, the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) revealed 8.140 million job openings. From April's revised estimate of 7.919 million, this rise comes to 221,000. The job market appears to be easing despite this rise. The lowest ratio since 2021—1.22 vacancies for every unemployed person in May&m... Read More
Powell Stresses Need for Sustainable Inflation Reduction
Category: Economy Total Views: 486By : Caleb Price Updated: 07-02-2024
Powell emphasizes the need for sustainable inflation reduction.
Before adjusting policy, Jerome Powell underlined the necessity of a sustainable lower of inflation. Speaking in a central banking conference, he underlined the Fed's measured approach. Powell observed that, although not yet definitive, recent inflation numbers are rather positive. The Fed wants a continuous trend toward its 2% target. Moving too fast could endanger the economic comeback. Powell's remarks capt... Read More
Mobius Predicts Stability in Emerging Markets with Trump
Category: Economy Total Views: 582By : Hannah Lewis Updated: 07-02-2024
Mark Mobius: Trump's Potential Impact on Emerging Markets
Globally minded investor Mark Mobius thinks a Trump win will help developing nations. Under Trump, he says these nations would feel more stable. According to Mobius, Trump's leadership could offer the consistency that developing nations so desperately want. He points out that Trump's business-friendly policies could help spur economic development. Furthermore, Trump's approach to deregulation could inspire c... Read More
Biden's Debate and SC Ruling Boost U.S. Treasury Yields
Category: Economy Total Views: 208By : Thomas Cooper Updated: 07-02-2024
Biden's Debate Performance and Supreme Court Ruling Impact the Bond Market
Recent debate performances by President Joe Biden set off a rise in U.S. Treasury yields. This performance casts questions on his re-election chances, affecting market expectations. The bond market suffered even more when the Supreme Court decided Trump had broad immunity from prosecution over his 2020 election loss. Analyzes thought a second Trump presidency would result in more government borrowing an... Read More
Analyst Predicts Severe US Recession by Early 2025
Category: Economy Total Views: 901By : Ryan Hughes Updated: 07-02-2024
Analyst Predicts Recession for US Economy by Early 2025
Early 2025 sees a U.S. recession predicted by Peter Berezin of BCA Research. He thinks the economy will drastically deteriorate, even with recent strength. A declining labor market is what determines this recession forecast. A major economic driver, consumer spending, is expected to decline as job growth slows. This cut in spending could cause the economy to slide into recession.
Berezin bases his recession projecti... Read More