UNITED STATES – NOVEMBER 01: Paul Volcker, Chairman Federal Reserve Board, speaking at Domestic … [+] Policy Subcommittee meeting. (Photo by Diana Walker/Getty Images) Getty Images William Miller, a former Fed chairman in the 1970s was known to have joked that 23% of the US population thought the Federal Reserve was an Indian Reservation, 26%…
AFP via Getty Images Key takeaways: IMF Managing Director Kristalina Georgieva is predicting that one-third of the world’s economies will slip into recession in 2023, with the biggest impacts being felt in emerging and developing economies. Russia’s war on Ukraine and China’s abruptly changing COVID-19 policies are both playing large roles in this outlook. The…
Getty Images Key takeaways: The American economy is doing well when we look at unemployment and inflation numbers. But the stock market isn’t – reminding us that the two are not the same. While there have been layoffs in the tech sector as of late, this sliver of the American labor market is relatively small.…
Jan 14, 2023,03:16pm EST| After a very disappointing 2022, the equity market has begun the new year in much better fashion with all the major averages up at least 3.5% through the first 13 days of January. And as this is being driven by growth stocks and small-caps, which were among the worst performers last…
(Photo credit should read JOHN THYS/AFP via Getty Images) AFP via Getty Images Key Takeaways Inflation fell in December, with the overall Consumer Price Index (CPI) falling 0.1% for the month. It’s the biggest reduction since April 2020, and brings the annual rate of inflation own to 6.5%, from 7.1% last month. The biggest driver…
Train drivers with the ASLEF union who drive for South Eastern and Southern railways striking on a … [+] picket line outside Ashford International Station on the 5th of January 2023 in Ashford, United Kingdom. The strikers work for DfT OLER Holdings and GTR and are demanding fair pay in line with inflation. Many of…
NORTH HOLLYWOOD, CA – SEPTEMBER 18: Service Employees International Union (SEIU) member janitors … [+] rally to protest the decision to close the only unionized Toyota plant in the U.S. and the recent layoffs of 40 percent of the unionized cleaning staff at the car maker’s national headquarters, in Torrance, California, on September 18, 2009…
Is a Recession Likely When Everyone Has a Job? getty While economists jawbone about the odds of a recession, a competing narrative suggests this time might be different. Those of us in the business of forecasting economic conditions know how tricky it is trying to predict the future. For retailers faced with long-term buying decisions,…
Nasdaq, Nasdaq-100, Apple, growth getty Apple AAPL , Microsoft MSFT and Amazon AMZN are the 3 biggest components of the NASDAQ-100 Index and it’s been months since any of them have seen higher highs. Investors want those higher highs as it indicates upward trend and lack of it suggests the unpleasant opposite. The NASDAQ-100 reflects…
WASHINGTON, DC – JANUARY 29: At its December rate decision, the Fed indicated that rates could … [+] exceed 5% for much of 2023, but data could change that (Photo by Samuel Corum/Getty Images) Getty Images At the December 2022 interest rate announcement, Federal Reserve Chair Jerome Powell struck a hawkish tone on the dangers…