US unemployment rate under the microscope again
WEB1 day ago · Headline payroll growth was much stronger than expected at +254,000, the largest gain since March. Revisions to July and August added a combined +72,000 jobs. Household employment saw a robust increase of +430,000, causing the unemployment rate to tick down to 4.1%. The unrounded figure suggests an even more significant decline to …
OpenAI faces financial struggles amid leadership departures
WEB15 hours ago · The company expects to generate $3.7 billion in revenue this year but still plans to lose $5 billion. OpenAI projects revenues of $11.6 billion in 2025 and $100 billion by 2029. These figures have been met with skepticism. For context, Microsoft generates about $250 billion annually, Google around $300 billion, and Apple approximately $400 ...
FOMC to Rethink Monetary Easing Amid Persistent Inflation
WEBApr 30, 2024 · The FOMC's potential shift in language regarding inflation and monetary easing bears significant implications for the markets. An acknowledgment of sustained high inflation rates could dampen hopes for imminent rate cuts, altering investment landscapes and risk assessments. If the FOMC opts to reduce the …
ECB signals possible rate cut in October amid inflation drop
WEB5 days ago · The European Central Bank (ECB) is edging closer to a potential rate cut in October, following recent signs of slowing inflation and economic activity in the Eurozone. Christine Lagarde, President of the ECB, indicated a shift in the bank's stance during her address at the European Parliament, hinting that a rate cut could be on the horizon.
Soft landing for the Fed, but Americans still struggle
WEBSep 3, 2024 · In his remarks last month, given at an annual economic symposium in Jackson Hole, Wyoming, Powell underscored how the Fed’s sharp rate hikes succeeded much more than most economists had predicted in taming inflation without hammering the economy — a notoriously difficult feat known as a “soft landing”. “Some argued that getting ...
Assessing the Shift in US Economic Exceptionalism Amid Global …
WEBMay 8, 2024 · Recent discussions around the perceived "end of US exceptionalism" have sparked interest and debate among economists and market watchers. This shift in narrative follows a series of economic indicators that suggest a mild slowdown in the US economy. Notably, the April non-farm payroll (NFP) growth was …
US Economy Shows Strong Growth in First Quarter - Financial World
WEBApr 27, 2024 · Domestic Demand and Investment Fuel Growth. The latest data reveals that real GDP growth for the first quarter was annualized at 1.6%, which, while below the consensus expectations of 2.5% and the Federal Reserve Bank of Atlanta's forecast of 2.7%, still shows strong underlying economic activity.
Global economic output to top $100 trillion for first time on …
WEBDec 27, 2021 · On Sunday, survey report from a British consultancy firm, Cebr (Center for Economics and Business Research), had unveiled that the world’s entire economic output has been set to surpass a tempting $100 trillion for the first time in 2022, while China would likely to top the United States as the world’s No 1 economy by 2030, two years later than previously forecasted as a latest leg of ...
US unemployment rises despite positive indicators
WEB3 days ago · The economy "is in solid shape," Powell said. Federal Reserve Chair Jerome Powell indicated on Monday the U.S. central bank would likely stick with quarter-percentage-point interest rate cuts moving forward and was not "in a hurry" after new data boosted confidence in ongoing economic growth and consumer spending, reports REUTERS. "This is not a committee that feels like it is in a hurry to ...
Global Trade in the Balance: Addressing Supply Chain Vulnerabilities
WEBMar 28, 2024 · This event is not just a logistical nightmare but a symbol of the inherent vulnerabilities within the "just in time" supply chain model that industries, particularly the automotive sector, have come to rely on. The automotive industry, with its lean manufacturing processes, exemplifies the delicate balance maintained in …