The latest high-frequency data shows that the consumer could be running out of steam, hiring activity is moderating, business activity is softening, interest-rate sensitive sectors are pulling back and housing is suffering. The question is whether Friday’s monthly jobs report, easily the most anticipated piece of data out this week, will confirm the trend. The unflinching resilience of the US labor market is one of the greatest sources of tension in today’s economy.
Wrapping it up: “The economy is unwell. It’s not the flu, but it is a throat ache. And it’s unlikely to get better in the coming months,” wrote Daco. Friday’s job report will give us a better idea of how sick the economy actually is. Geopolitical tensions further threaten bank stability: IMF Strained ties between China and the United States and Russia’s invasion of Ukraine have led to an increase in financial isolation over the past few years.
So glad I don't watch your ass 'cable channel' anymore....
biden...
I thought interest rates were being raised to slow the economy. When that works, it’s seen as a negative thing. The system is rigged.
Have you just not been around for 2 years ?
Tell that to the long lines at every retail and restaurant in ALL of TX. People have money to burn on non-essentials. I will believe this when that changes.
Biden’s America 🥴
REMARKABLY STRONG BY WHAT METRIC? VOODOO UNEMPLOYMENT? LOOK AT LABOR PARTICIPATION. WE ARE SCREWED LOLOLOLOL
Doesn’t take a brain surgeon or investigative reporting to figure this out. Friends and family are telling me of reduction in work hours or layoffs especially in the hospitality industry. Not a surprise that we didn’t see this coming, with the Feds raising interest rates.
The economy has NEVER been strong under Crooked Joe liars!
Duh...
Ya think? Doh.
Way to go Joe Biden
DougJBalloon
CNN is fake news.
Pretty much shoot ourself in the foot with this push against China/CCP/Chinese on 'CHIP war'. Basically, reduce your market by '15%' and force your allies to reduce by the same amount. What good can come out of that. Now countries are running away from using 'US dollars'.
CNN you lie, President Biden assures me the economy is doing great
LetsGoBrandon
Where have you been the last three years?
Strong my ass . . . The Americand have lost trillions of $ since good old Joe came to the Whitehouse GOP DNC
The US government is slowly derailing this country
Really? The stock market has continued to say totally different. Not sure what is looking at? As gas has started to rise again over .40 in the last quarter as well.
Thanks Joe
Hello?
I feel like this article has been posted every month for the last 12 months. I guess there are wealthy people who need a recession so they can make more money.
Financial analysts in need of clicks: 'Doom and gloom! Sackcloth and ashes. Financial woes coming!' New jobs and consumer spending reports: 'Ummmm...' Financial Analyst: , 'Gaw! Shut up, economy. I'm doom-ing... MOM!!!'
boy CNN always miss the mark, tell us all about the spiking gas prices because our great commander/buffoon that thumbed his nose,thought he could tell Saudi Arabia what to do is now getting it where the sun doesn’t shine by them cutting 1 million more barrels a day,