So why is good news taken as bad news on Wall Street? “The short answer is that as the economy continues to grow, particularly on the jobs front, that puts more pressure on the Federal Reserve to increase interest rates,” explains John Leer, chief economist at Morning Consult. Strong economic reports mean the Federal Reserve’s historic rate hikes may not be having the effect that they should, and Jerome Powell & Co. may need to raise rates for longer to slow the economy and cool inflation.
That may not sound like great news to you or me, but Wall Street took that reading as a sign the Fed’s medicine may be beginning to work. “One of the things that we’ve seen is that wage growth has been fairly strong and there’s the fear that wage growth is going to ultimately drive inflation higher,” Leer told me on CNN’s Early Start.
To me NO news is good news 😌
IF I WAS CNN ID FIRE EVERYONE. They MISSED NEW YEARS AN MADE CNN LOOK LIKE A FOOL.
It almost always is… unless it’s not, like today
cnn blows
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Wall Street Journal: Vince McMahon plots return to WWE | CNN BusinessVince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. Nope. It's his company. Of course he'll be back. That doesn't mean he isn't a reprehensible scumbag.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »
Stocks close higher, snap 2-day losing streak as Wall Street shakes off Fed minutesStocks closed higher Wednesday as investors looked past Fed meeting minutes that showed the central bank will remain aggressive in its policy to tame high inflation. The Dow gained 0.40%. The S&P 500 popped 0.75%. The Nasdaq rose 0.69%.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
Another hot reading on job market sends Wall Street lowerStocks fell broadly on Wall Street and Treasury yields rose after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy in order to fight inflation.
مصدر: KPRC2 - 🏆 80. / 68 اقرأ أكثر »
Asian stocks edge up before U.S. jobs data, defying Wall Street selloffAsian equities gained on Friday while the dollar hovered near a one-month high as investors braced for crucial U.S. jobs data later in the day that should provide clues on how aggressive the Federal Reserve will be in tightening policy.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »