Is good news on jobs going to push the Federal Reserve to create a recession?
, the CEO of the Federal Reserve Bank of Minneapolis, saying that the economy is fine, that no downturn is on the horizon. It is all very confusing. When good data does come along, it seems to come with an asterisk. On Wednesday, the federal government released new information on the amount of jobs out there, and it was pretty great. Not only are businesses still hiring like crazy, they actually increased the total number of job listings in April. There were 10.
As a man of a certain age , when I come across something absurd or stupid about the way the world works, I grope around for a pop-culture reference to help my addled millennial brain feel at peace. Usually, this means something that happened on. Right now, “Bizarro Jerry,” the episode where Elaine starts dating someone who’s a non-jerk inverse of Jerry, comes to mind. “Up is down! Down is up! He says ‘hello’ when he leaves, ‘good-bye’ when he arrives!” Jerry whines. This is kind of like that.
This is because these numbers ultimately matter to the executives at the Federal Reserve system, the ones who decide what interest rates we all should pay. For over a year now, the Fed, led by Chair Jerome Powell, has been trying to tamp down inflation by cooling the economy — essentially, diverting more of people’s money away from things like jobs and wages, and more toward interest payments. The worry was that this would lead to mass layoffs and potentially a recession.
In the absence of clarity, the markets sold off. In the hours after the jobs report came out, traders thought there’s a 75 percent chance that the central bank will hike interest rates in two weeks — a reversal of the consensus view just last week that the Fed would cool it. (That, in turn, reversed when Wall Street Journal
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Federal Reserve Bank of Cleveland President sees no 'compelling' reason to pause rate hikes: reportFederal Reserve Bank of Cleveland president, Loretta Mester said in an interview with the Financial Times that she sees no 'compelling' reason to pause rate hikes.
Leer más »
Federal Reserve Says Higher Rates Could Exacerbate Stress For Banks, But What of Bitcoin?The Federal Reserve might skip a rate hike this June as pressure mounts on banks and indebted businesses. How could this affect Bitcoin? Check here -
Leer más »
78% of Americans say inflation will increase in the coming monthsU.S. inflation is much higher than the 2% target routinely outlined by the Federal Reserve.
Leer más »
Crypto Trading Fees Decoded: How To Navigate Cost and Optimize Trading Strategies | CoinMarketCapNo matter if you trade stocks, bonds, forex or crypto, you will, at one point, find yourself paying fees for trades. Let's discover the different types of fees you can encounter when trading crypto 💪
Leer más »
Google's 'Barkour' will let robots navigate obstacle courses just like real dogsThe Barkour benchmark is customizable and can be adapted to larger course areas with different configurations, similar to real dog agility competitions.
Leer más »