Here's how the housing market, stock market, labor market, and the Fed are faring this week.
Though the investment bank's Michael Wilson cautioned that no one yet knows what type of event it could be this time, he believes the rate hikes will inevitably cause an"oncoming earnings recession" for corporations in the next few months that could see the S&P 500 plunge another 15% .
As experts weigh whether the nation may plunge into a recession, here's how the economy's main pillars are holding up:The housing market continues to be one of the sectors hardest hit by the Fed's rate hikes. Mortgage applications plummeted to their lowest level since 1997, according to dataWednesday by the Mortgage Bankers Association.
there were a better-than-expected 208,000 new private-sector jobs added last month, dashing hopes that the Fed may pivot from its aggressive stance. After this week's losses, the S&P is just 1.5% shy of hitting a nearly two-year low.The Fed is deep into its most aggressive economic tightening campaign since the late 1980s, and it's still expected to raise rates by another 125 basis points this year. However, that’s largely contingent on incoming economic data.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dollar Steadies as Fed Officials Push Back Against Early Pivot Speculation By Investing.com*U.S. DOLLAR JUMPS AS FED OFFICIALS PUSH BACK AGAINST EARLY PIVOT SPECULATION - $USD 🇺🇸 🇺🇸
Leer más »
Asian Stocks Sink as Fed Jitters Resurface By Investing.com*GLOBAL STOCKS SINK AS FED JITTERS RESURFACE -
Leer más »
Another month of solid U.S. hiring suggests more big Fed interest-rate hikesAmerica’s employers slowed their hiring in September, but still added 263,000 jobs. It's a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively.
Leer más »