09.08.2022
Chicago 12, Melborne City, USA
Politics

Weekly Economic & Financial Commentary. July Jobs Report Squashes Current Recession Fears

Summary United States: July Jobs Report Squashes Current Recession Fears Employers added over half a million jobs in July, which squashes arguments that the US economy is currently in recession. While other measures of labor market strength have shown more pronounced signs of slowing, the July jobs report puts further pressure on the Fed to […]

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Politics

Danger ahead. The US economy has yet to face its biggest recession challenge

You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. Signal2frex reviews: The post Danger ahead: The US economy has yet to face its biggest recession challenge first appeared on Forex robots store.

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Politics

Fed’s Bullard sees more interest rate hikes ahead and no US recession

St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank official said he expects another 1.5 percentage points or so in interest rate increases this year as the Fed continues to battle the highest inflation levels… […]

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Politics

4.2 million people quit in June despite recession worries. “A paradox in our economy”

A cooldown in the job market is underway. The number of job openings dropped in June while near-record numbers of people continued to quit and get hired into new roles, according to the Labor Department’s latest Job Openings and Labor Turnover Summary. The labor market posted 10.7 million new job openings in June, which is […]

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Politics

Are we in a recession? It doesn’t matter, Fed official says. “I’m focused on the inflation data”

Neel Kashkari, Minneapolis Federal Reserve Brendan McDermid |: Reuters If you’re debating whether or not the US is in a recession, you’re asking the wrong question, according to a top Federal Reserve official. “Whether we are technically in a recession or not doesn’t change my analysis,” Neel Kashkari, president of the Federal Reserve Bank of […]

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Politics

Weekly Economic & Financial Commentary. Not Yet a Recession Way Down Inside

Summary United States: Busy Data Week Shows Wobbling US Economy Data released this week showed that US economic growth contracted modestly in Q2. New home sales were yet another data release that pointed towards a cooling housing market. The FOMC continued its fight against elevated inflation with its second consecutive 75 bps increase in the […]

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Politics

Here’s how to know if we’re in a recession, and it’s not what you think

Everyone who cares knows that recessions happen when there are two consecutive quarters of negative growth — everyone, that is, except for the people who actually decide when the economy is in recession. For those folks at the National Bureau of Economic Research, the definition of recession is much squishier. Officially, the NBER defines recession… […]

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Business

US Dollar Stumbles as America Enters a Technical Recession

Despite losing ground following the US Fed interest rate announcement and poor GDP reports, the US dollar regained a bullish countenance on Thursday, pushing close to the 107.00 level. This rebound comes after the greenback fell to the 106.05 mark in the Asian session today, its lowest point since July 5. According to the data […]

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Business

British Pound Weaker Against the Dollar as Recession Worries Mount

The British pound fell from a three-week high of 1.2090 against the dollar in the Asian session on Tuesday, after the US dollar racked up significant strength from rising safe-haven demand on recession worries. Sterling also suffered additional pressure from the ongoing political crisis in the UK. The pound lost against the dollar despite broad […]

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Politics

Yield Curve Inversion and Recession Risks, Dollar the Worst Performer of the Week

Dollar ended as the worst performing one last week. Selloff somewhat intensified on Friday after poor PMIs indicated that the US economy was already in contraction. Deep fall in benchmark treasury yields dragged down the greenback while traders were betting on a lower terminal rate in the Fed’s tightening cycle. Canadian Dollar was the second […]

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