Tag: jobs
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Stock market strategist David Rosenberg gives the Fed no credit — and no mercy
[ad_1] It’s said that you don’t know an economy is in a recession until it’s in one. Or as David Rosenberg puts it: “Recessions are like an odorless gas. They sneak up on you.” These days, Rosenberg is looking for fresh air. A former chief North American economist at Merrill Lynch and now president of…
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Worker pay is still going up fast — and that means higher interest rates
[ad_1] Rising pay is usually a good thing for workers and the economy, but right now higher wages might be too much of a good thing. Why? Bigger paychecks are adding to inflation and making it harder for the Federal Reserve to get prices under control. As a result, the Fed is likely to keep…
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Opinion: Biden is vulnerable in 2024, but GOP offers too little in response
[ad_1] From a legislative perspective, Joe Biden is the most successful president since Ronald Reagan, but he faces skeptical voters in his bid for reelection. The American Rescue Plan, Infrastructure Act, Chips and Science Act and green energy, electric vehicle and other industrial policy initiatives embedded in the Inflation Reduction Act set the economy on a new path. Biden has strengthened NATO and alliances in…
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Opinion: Writers’ strike is about more than money. It’s also about having power over AI.
[ad_1] The strike by film and television writers that began on May 2 is relevant to our lives for far more than just the fate of our favorite shows. It is an important test of whether — and how — workers can get fairly paid as artificial intelligence and other technology alters their jobs. More…
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Opinion: Americans may have to start working younger and retire older.
[ad_1] “The demographic clock is ticking for the West.” China announced earlier this year that for the first time since the 1960s, deaths outnumbered births and its population slipped in 2022 by 850,000 to 1.41 billion. COVID-19 brought this event forward a few years. More fundamentally, the legacy of China’s now-abandoned one-child policy and the high cost of…
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Fed’s Bullard backs two more interest-rate hikes
[ad_1] St. Louis Fed President James Bullard on Monday said he would like to see two more quarter-percentage-point interest-rate hikes this year. “I think we’re going to have to grind higher with the policy rate in order to put downward pressure on inflation,” Bullard said in a moderated discussion at the American Gas Association’s Financial…
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Brett Arends's ROI: ‘I’m retired, I remember the 1970s, and I’m worried about a return of stagflation. What can I do to protect my savings?’
[ad_1] Brett Arends's ROI: ‘I’m retired, I remember the 1970s, and I’m worried about a return of stagflation. What can I do to protect my savings?’ [ad_2] Source link
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What’s next for stock market as investors weigh a Good Friday jobs report
[ad_1] With the U.S. stock market closed on Good Friday, investors will have the weekend to digest an employment report that moved fed-funds-futures traders to bet on an increased chance of the Federal Reserve hiking interest rates early next month. Friday’s employment report puts a “dent” in the case of investors who were betting that…