Quotes from the news wire:
If that [wage-price spiral] were to begin, that’s very difficult to put back in the would-be bottle after the fact, in trying to essentially dampen demand for workers through higher interest rates — a rather inelegant tool to try to achieve that result — they’re just trying to manage that risk.
Found on CNN 1 year ago
Sometimes they’re good at that, and sometimes they aren’t. But I think they would look at this data as well as some other evidence around the job market and say, ‘Well, at least maybe we’re on a path that’s more to our liking, with respect to dampening an inflation pressure.
Found on CNN 1 year ago
The job market peaked early in the year, some of the steam is starting to come out of the job market, and we’ll likely see that both in hiring slowing down and probably a slower increase in the unemployment rate in the coming months.
Found on CNN 1 year ago
In a perfect world, we’d have higher levels of emergency savings more broadly distributed across groups of individuals, but we don’t live in that perfect world.
Found on CNN 1 year ago
If they were to put money on it, I think Las Vegas oddsmakers would be doubling down right now on the soft landing scenario — not to say that’s the base case, per se, but the chances seem to be growing, if anything, the global economic scenario has brightened in recent days and weeks — and we got a significant ray of sunshine with this January employment report, including all the revisions — but that’s not to say that consumers or businesses should be complacent with respect to an eventual risk of a recession.
Found on CNN 1 year ago
If anything, the global economic scenario has brightened in recent days and weeks — and we got a significant ray of sunshine with this January employment report, including all the revisions — but that’s not to say that consumers or businesses should be complacent with respect to an eventual risk of a recession.
Found on CNN 1 year ago
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