The labor market is slowing down faster than expected and putting the Federal Reserve’s much-desired “soft landing” in jeopardy.
Read MoreIf the data continue to show improvement this summer, the central bank could be eyeballing the September meeting for the first cut.
Read MoreThe economy continued to add jobs in February, 275,000 of them, to be exact. Is the labor market turning over or is it in transition from red-hot to lukewarm?
Read MoreWith 40 business days to go before we can close the chapter on the year, the themes remain the same: a resilient job market, stubbornly high inflation, and rising interest rates.
Read MoreThe Cost of Living Adjustment for the 70 million recipients of Social Security benefits will increase by 8.7 percent in 2023, the biggest jump in 40 years.
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The virtuous economic cycle of the post-war decades helped create a large group of households that were able to attain the “American Dream” and became part of what we now think of as the middle class. Today, defining the middle is a bit of a muddled mess.
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The post-COVID labor market recovery is like this summer’s weather: SCORCHING.
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Whether or not NBER officially makes the recession call, it’s becoming obvious that a slowdown has begun.
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As the Fed prepares for its two-day policy meeting on July 26 and July 27, there may be a few breaks in the cloudy economic picture for our central bankers.
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