US Immigration Rebounds But Remains Far From Plugging Labor Gaps
Jonelle Marte and Augusta SaraivaBloombergOctober 5,2022 Pandemic, visa-processing slowdown spurred new-worker dropoff – Lack of labor triggered wage increases, adding to inflation(Bloomberg) –Immigration to the US is rebounding after a sharp two-year slowdown, but the pickup is unlikely to plug the pandemic-induced gap in new arrivals amid persistent employee shortages in industries reliant on foreigners.Nearly […]
Signs emerge that the big drivers behind this hot inflation reading are starting to cool
Ron Insana CNBC October 14, 2022 Whether the financial markets have correctly priced in “peak inflation” and a potential Federal Reserve pivot is a topic for another day. But there is ample evidence that the inputs that drove inflation higher, especially in the goods sector, are heading back to Earth. A disinflation checklist may be […]
Overdone recession fears: Top economist Mark Zandi predicts inflation will moderate in next six months
Mark Zandi CNBC October 12, 2022 The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics.His call, which comes on the cusp of another key inflation report, hinges on oil prices staying at current levels, supply chain problems continuing to ease and vehicle prices starting to roll […]
US Job Openings Drop to 14-Month Low in Welcome Sign for Fed
Reade Pickert Bloomberg October 4, 2022 Vacancies declined by 1.1 million in August, most since 2020 There are some 1.7 openings per unemployed worker, down from 2 US job openings plummeted in August by the most since early in the pandemic, likely a welcome sign for Federal Reserve officials as they seek to cool demand […]
US Services Growth Remains at Solid Pace, Price Pressures Ease
Augusta Saraiva Bloomberg October 5, 2022 Measures of business activity, orders softer but elevated Index of service provider employment highest in six months Growth at US service providers remained firm in September, reflecting solid business activity and orders, while a measure of prices fell to the lowest since the start of 2021. The Institute for […]
The Fed is dragging the US into a recession to cool surging prices. Most Americans expect inflation to die down on its own.
Ben Winck Business Insider September 27, 2022 The Fed is pushing the US into a recession to cool inflation. It might not be necessary. Inflation expectations have been falling since the spring, signaling there’s little chance of a 1980s-like price surge. Raising rates out of fear that expectations will rebound is “irresponsible,” a former Fed […]
US Producer Prices Fall for a Second Month as Fuel Costs Retreat
Wednesday, September 14, 2022 05:38 AM Source: Bloomberg by Reade Pickert A measure of US producer prices fell for a second month in August as fuel costs continued to retreat, though an underlying measure of wholesale costs firmed in a sign of persistent inflation in the production pipeline. The producer price index for final demand decreased 0.1% […]
U.S. retail sales unexpectedly rise in August; weekly jobless claims fall
September 15, 202210:10 AM PDT Source: Reuters by Lucia Mutikani U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand is cooling as the Federal Reserve aggressively raises interest rates to fight inflation. Consumer spending, however, is likely to remain […]
Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows
PUBLISHED MON, SEP 12 202211:00 AM EDT Source: CNBC by Jeff Cox Lower gas prices are raising optimism that inflation is on the decline, according to a survey Monday from the New York Federal Reserve. Respondents to the central bank’s August Survey of Consumer Expectations indicated they expect the annual inflation rate to be 5.7% […]
Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts
PUBLISHED MON, SEP 12 20227:46 PM EDT Source: CNBC by Stephanie Landsman Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch a powerful market breakout. “This is actually what’s being priced into the market […]