According to the latest jobs report, the US added 199,000 jobs in the month of November while unemployment fell to 3.7%, both data points contrary to economists’ expectations.
RSM Chief Economist Joe Brusuelas likens this labor print as “just another in a steady drumbeat of positive economic news,” while Wolfe Research Chief Economist Stephanie Roth believes markets could re-adjust after running with the Federal Reserve’s previous employment narrative.
“By the time we get to the second half of next year, the Fed will be well-positioned to cut rates because we’re going to be headed towards 2.5% on core and top-line inflation by the end of next year,” Brusuelas tells Yahoo Finance, elaborating on the Fed’s inflation and recession outlooks for 2024.
#youtube #interestrates #stockmarket
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Mean while on fox news, the Biden economy is crashing badly. LOL
This is all averages. The gap is growing bigger between the “soon non existing” middle class and the upper class. the average looks ok. but the wage never followed inflations for the middle and low middle class. That’s why the economy is so bad for most american Because the Democrats only cares for their donor(which are the ultra wealthy).
Those people lives in a bubble when they think their ivory tower is representative of the greater experience of the average american. It is not. The economy for the average american, Is horrible under biden.
You do realize November job reports are due to holiday staffing, and most are working 2 to 3 jobs, right? Just because a few selected careers get good raises doesn’t mean the lower and middle class aren’t struggling.
@@rodey6594your opinion in understandable but what will help people is the upcoming 2024 rate cuts to help them to be able to keep more of there paychecks 💰 .
🤦🏻♂️WARN notices issued by numerous companies are effective from Jan and Feb .
@@manojm2864I would say it’s always good to be cautious but many positive things are showing also something different so we will just have to wait and see who is correct companies or the economy.
Lol if the economy is doing fine… the fed wont be cutting. Thats not how it works…
You should tell that to the federal reserve as they have rate cuts for 2024 in there dot plot .
Compare these numbers with the number of laid off workers
Why do you think you’re smarter than the statisticians who put the data together. You never said that when trump was president and was claiming the economy was booming.
They should be factoring household data that speaks to which of these jobs are duplicates. If people are having to get second jobs to afford living that’s a metric that can heavily skew this data especially when the Fed is reliant upon this. Also please be more specific about which specific industries are seeing growth as the tech sector is headed for yet another round of layoffs and has been turbulent all year
Watch starting at 4:40 as a good summary
There are jobs just not good paying jobs . Want make good money you gotta make 80k or more year easier said than done
Yes inflation is somewhat going down and jobs adding is good, but Its still not enough to tattle
the rent/mortgage and food crisis today. People are still struggling to pay rent and 70% of people are living paycheck by paycheck. People loss businesses due to rising inflation. Still, their is not enough people to for fill these jobs due to the pandemic. Like essential jobs that are not paying enough. People need People.
🗯The key to knowing the state of the economy. Question: Can I afford in the Biden administration what I could afford in the last administration? And the answer is: NO, you cannot. If you are living your life on credit, you do not even own your life.
In Theory:
Loan(20 Year)=500T
Loan=? Yield=5% Year=20
Loan=500T/1.05^20
Loan=188T=100%
Payout(20 Year)=1500T
{
Loan(20 Year)=500T
Income(20 Year)=1000T
}
Insurance:
Payout(20 Year)=1500T
Premium=? Yield=12% Year=20
Premium=1500T/1.12^20
Premium=156T(Cash=32T)
{
Loan=188T=100%
}
Thank you.
I hope they raise the rate by 25bps. The risk is prolonged inflation. We could get a double dip. Pull the bandaid off, do your job and squash inflation now.
Let me get a bit generational on you, the boomers in charge of the markets aren’t going to man up and do what’s needs to be done. Your parents generation would have and millennials would too. Risking inflation to the upside in 2024 because you won’t raise a symbolic 25bps. It’s phenomenally short sited.