US unemployment rate under the microscope again
WEB1 day ago · Headline payroll growth was much stronger than expected at +254,000, the largest gain since March. Revisions to July and August added a combined +72,000 jobs. Household employment saw a robust increase of +430,000, causing the unemployment rate to tick down to 4.1%. The unrounded figure suggests an even more significant decline to …
Assessing the Shift in US Economic Exceptionalism Amid Global …
WEBMay 8, 2024 · Recent discussions around the perceived "end of US exceptionalism" have sparked interest and debate among economists and market watchers. This shift in narrative follows a series of economic indicators that suggest a mild slowdown in the US economy. Notably, the April non-farm payroll (NFP) growth was …
FOMC to Rethink Monetary Easing Amid Persistent Inflation
WEBApr 30, 2024 · The FOMC's potential shift in language regarding inflation and monetary easing bears significant implications for the markets. An acknowledgment of sustained high inflation rates could dampen hopes for imminent rate cuts, altering investment landscapes and risk assessments. If the FOMC opts to reduce the …
US Economy Shows Strong Growth in First Quarter - Financial World
WEBApr 27, 2024 · Domestic Demand and Investment Fuel Growth. The latest data reveals that real GDP growth for the first quarter was annualized at 1.6%, which, while below the consensus expectations of 2.5% and the Federal Reserve Bank of Atlanta's forecast of 2.7%, still shows strong underlying economic activity.
Soft landing for the Fed, but Americans still struggle
WEBSep 3, 2024 · In his remarks last month, given at an annual economic symposium in Jackson Hole, Wyoming, Powell underscored how the Fed’s sharp rate hikes succeeded much more than most economists had predicted in taming inflation without hammering the economy — a notoriously difficult feat known as a “soft landing”. “Some argued that getting ...
Global economic output to top $100 trillion for first time on …
WEBDec 27, 2021 · On Sunday, survey report from a British consultancy firm, Cebr (Center for Economics and Business Research), had unveiled that the world’s entire economic output has been set to surpass a tempting $100 trillion for the first time in 2022, while China would likely to top the United States as the world’s No 1 economy by 2030, two years later than previously forecasted as a latest leg of ...
Traders watch France's fiscal moves as debt concerns grow
WEB2 days ago · Additionally, it is grappling with high fiscal deficits, projected at -5.5% of GDP for 2023. France's new Prime Minister, Michel Barnier, has announced an austerity package aiming to save an additional €60 billion. The plan involves a mix of spending cuts and tax increases to reduce the deficit from an estimated 6.1% in 2024 to 5% by 2025.
US unemployment rises despite positive indicators
WEB3 days ago · Unemployment and layoffs. The rising unemployment rate is a cause for concern. However, this increase is not primarily caused by mass layoffs. The employment ratio of 24- to 54-year-olds is robust compared to previous recession periods. Initial jobless claims also remain low, although they may have reached their lowest point for this cycle.
ECB signals possible rate cut in October amid inflation drop
WEB5 days ago · The European Central Bank (ECB) is edging closer to a potential rate cut in October, following recent signs of slowing inflation and economic activity in the Eurozone. Christine Lagarde, President of the ECB, indicated a shift in the bank's stance during her address at the European Parliament, hinting that a rate cut could be on the horizon.
Global Trade in the Balance: Addressing Supply Chain Vulnerabilities
WEBMar 28, 2024 · This event is not just a logistical nightmare but a symbol of the inherent vulnerabilities within the "just in time" supply chain model that industries, particularly the automotive sector, have come to rely on. The automotive industry, with its lean manufacturing processes, exemplifies the delicate balance maintained in …