The October jobs report from the Bureau of Labor Statistics has revealed a mixed picture for the US economy. Job growth slowed down, with 150,000 jobs added, falling short of the expected 180,000. Furthermore, the unemployment rate inched up to 3.9% from 3.8%, reaching its highest level since January 2022. The key contributor to this…
As we approach 2024, the bond market is experiencing a unique confluence of factors that are significantly impacting bond yields. The recent highs in bond yields have sparked a wave of predictions and analyses, with investors contemplating two divergent paths for the US economy. This article will delve into the reasons behind this uncertainty and…
At the Federal Open Market Committee’s Sept. 19-20 meeting, economists surveyed by Bloomberg News believe the Federal Reserve will keep interest rates in the 5.25% to 5.5% range steady and stay at this peak level through May of 2024, two months longer than previously expected. Despite this, policymakers are likely to forecast one additional rate…
In the ever-evolving landscape of global finance, regulatory measures play a pivotal role in shaping the stability and resilience of banking institutions. Recently, the CEO of JPMorgan Chase, Jamie Dimon, voiced his concerns about a new proposal that would require US banks to bolster their capital buffers. In this article, we delve into the details…
How are student debt defaults affecting the US economy? Student debt defaults have had a major effect on the US economy. Defaults on student loans can lead to financial hardship for those affected, dampening their overall economic contribution. Furthermore, defaults on student loan debt can reduce purchasing power, since borrowers are unable to use their…