Tag

Labor Markets

All articles tagged with #labor markets

economic-activity2 years ago•78 min saved

Fed's Beige Book: US Economy Shows Stability with Minimal Changes

Economic activity in the Federal Reserve Districts remained stable or showed slight declines. Consumer spending was mixed, with differences in prices and product offerings. Labor markets continued to improve, with slight increases in overall employment and easing labor market tightness. Prices increased at a modest pace, with input cost increases slowing for manufacturers but rising for service sector firms. Retail sales grew modestly, while tourism activity varied across Districts. Overall, the outlook for economic growth was subdued, with expectations of slight growth in the coming months.

via Federal Reserve|

#districts #economic-activity #federal-reserve

finance2 years ago•3 min saved

Fed Hike Absorbed Silently

World markets remain resilient despite the increasing likelihood of another U.S. interest rate hike, with China's stock markets extending their rally and U.S. employment data taking center stage. U.S. futures now indicate a more than 50% chance of another Federal Reserve rate rise, and bond markets have calmed down after last week's volatility. The dollar remains firm but off recent highs. The focus this week is on labor market data, including job openings and the national payrolls report. China's stock markets advanced for a second day, supported by measures to boost investor sentiment.

via Reuters.com|

#china #federal-reserve #finance

business2 years ago•5 min saved

"US Government Implements Stricter Merger Guidelines in Response to Digital Economy"

The Biden administration has unveiled draft changes to the US merger review guidelines, marking the first comprehensive update in over a decade. The proposed changes could lead to a significant shift in how the government identifies and scrutinizes mergers and acquisitions that are deemed anticompetitive. The updates include a focus on labor markets, allowing regulators to assess potential harm to worker pay and benefits. Additionally, the revised guidelines address mergers involving "platform companies" in digital markets, reflecting concerns about tech giants and their impact on competition. The draft guidelines are open for public comment until September 18.

via CNN|

#anticompetitive-mergers #biden-administration #business

economy2 years ago•2 min saved

"Optimism Soars as Americans Embrace Strongest Economy in Years"

The University of Michigan Consumer Sentiment Index, a measure of consumer confidence in the US economy, reached its highest level since September 2021, reflecting a 13% increase from the previous month. The rise in sentiment can be attributed to the slowdown in inflation and stability in labor markets. Strong economic data, positive earnings reports, and reduced fears of a second Federal Reserve rate hike have contributed to consumer optimism. While there was a slight increase in inflation expectations, concerns about a recession have eased.

via Yahoo Finance|

#consumer-confidence #economy #inflation

economy2 years ago•3 min saved

Economist David Roche predicts global recession avoidance and central bank policy shifts

Veteran strategist David Roche believes that the global economy will avoid a recession, but central banks will need to "change the goalposts" on inflation. Despite concerns about high inflation, Roche argues that labor markets and disposable income are behaving differently this time, suggesting that a catastrophic collapse in employment, which would lead to a recession, is unlikely. Roche suggests that central banks may need to change their inflation targets or subtly shift their goals to bring inflation back towards the desired levels without causing a long period of pain. However, JPMorgan Asset Management warns that the current market positioning is built on an economic outlook that is "too good to be true," and that a meaningful hit to growth is necessary for core inflation to reach tolerable levels. Higher volatility and pressure on total returns across risk assets are expected in the coming months.

via CNBC|

#central-banks #economy #global-recession