Economist questions whether US labor market is really cooling

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Steven Ricchiuto News

Labor Market,Chief Economist,Market Domination

The US labor market and key inflation data have been in a back-and-forth cycle over which will ease up first, leading to cooling inflation. To talk more...

The US labor market and key inflation data have been in a back-and-forth cycle over which will ease up first, leading to cooling inflation. To talk more about key economic data, Mizuho US chief economist Steven Ricchiuto sits down with Market Domination to ask the real question:"Is the cooling really real?"

Uh Yeah, there has been some cooling, but we have to ask yourself a question is the cooling really real.We've seen the participation rate rise and we've seen the household employment numbers really stagnate. I'm curious how you're thinking about it and its potential effect on the economy or are you kind of waiting until we get closer to start to frame that out?

And our risk has been all along that the yield curve eventually steens from the long end, not that it steens from the front end the way everyone wants to believe and has been betting all year that it would happen. Pirates tried to take control of a commercial vessel in the Gulf of Aden, leading the USS Mason to respond. Then, the missiles came flying in.“She’s way more famous than any of us up here,” said the CNN commentator, describing it as a “bunker buster” address.Usha Chilukuri Vance, 38, and her husband, Sen. J.D. Vance, have been married since 2014. The pair met while attending Yale Law School.

 

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