. But the impact of higher rates has been far less severe than many expected, as reflected by upward revisions to
Andy Constan, chief executive of the investment consulting firm Damped Spring Advisors, said the higher government-bond payouts likely boosted Americans’ overall spending., “Investors parking cash in money-market funds reaped around $300 billion in interest income — more than in the prior decade combined.
US Chair of the Federal Reserve Jerome Powell reacts during an open session of the Financial Stability Oversight Council at the Treasury Department in Washington, DC on May 10, 2024. personal saving rateKeep in mind that the personal saving rate reflects a snapshot of monthly behavior. So its decline doesn’t tell us much about cumulative savings.
Total payroll employment is at a record 158.54 million jobs, up 6.23 million from the prepandemic high. A low quits rate could mean a number of things: more people are satisfied with their job; workers have fewer outside job opportunities; cooling wage growth; productivity will improve as fewer people are entering new unfamiliar roles.rose to 229,000 during the week ending June 1, up from 221,000 the week prior. While this is above the September 2022 low of 187,000, it continues to trend at levels historically associated with economic growth..
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