Cool summer ahead for the economy: Economist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 63 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

Chief Economist News

Joe Brusuelas,Federal Reserve,Labor Market

The ADP National Employment Report showed private payroll growth slowed in May, signaling a cooling of the labor market. RSM Chief Economist Joe Brusuelas...

The ADP National Employment Report showed private payroll growth slowed in May, signaling a cooling of the labor market. RSM Chief Economist Joe Brusuelas joins Market Domination Overtime to break down the print and what it could mean for the Federal Reserve's next interest rate move.

That's where we're, we're either we've got a problem in collection of the data we're under sampling and overstating or the economy is re accelerated now.You know why that is and everyone, everybody out there get used to this. So central bank divergence results in financial market volatility specifically in foreign currencies.You'll see a similar reaction function in the euro going forward.But as we continue to see the economy cool.That's really, I think the important message here too many times we get lost, swinging between zero and one red light, green light.I'm like, wait is the song cool of the UK band from when we were all chill out again from back in the day.

Emails show Elon Musk diverted a $500 million shipment of Nvidia chips intended for Tesla to X instead "The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday.These stocks now have dividend yields above 7%. The post Dividend Deals: 2 Top TSX Stocks That Still Look Undervalued appeared first on The Motley Fool Canada.Whitecap Resources is a TSX dividend stock that offers you a tasty monthly dividend yield and a growing payout in 2024.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Hiring Slows to Weakest Pace Since Start of Year in ADP DataHiring at US companies grew in May at the slowest pace since the start of the year, restrained by a steep decline in factory payrolls and adding to evidence of a cooling in the labor market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stocks gain as markets weigh soft ADP reportStock futures (YM=F, ES=F, NQ=F) are trending higher Wednesday as markets digest the latest jobs data. The May ADP employment data was weaker than expected, ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

What ADP data means for rate cuts, marketsWednesday's ADP employment data fell short of expectations, indicating signs of moderation in the labor market. The report has fueled investor optimism, as...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »