What’s Going on with the U.S. Economy?
The economy is probably headed toward a recession. No, it’s actually booming again. Inflation is plummeting. No, it has started rising again. If you find the cacophony of economic indicators to be confusing, don’t feel bad. It is confusing. Some numbers point in one direction, while others point in the opposite. Partisans from both political parties have […]
The CEO ‘return to office or else’ is having limited success in 2024
More companies are toeing a hard line when it comes to return-to-office mandates. This past week alone, Boeing and UPS called workers back to the office five days a week. To be sure, these high-profile examples are unique cases. Boeing is dealing with a company-wide crisis and loss of faith in its business quality controls at […]
U.S. economy added 353,000 jobs in January, much better than expected
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held at […]
Powell Says U.S. Isn’t in Recession, Sees Path to Economic Soft Landing
News from the FOMC policy statement, interest-rate decision, summary of economic projections, and Jerome Powell’s presser. Federal Reserve Chair Jerome Powell pushed back on the idea that the U.S. economy is currently in a downturn, despite consumers’ pessimism. “There’s little basis for thinking that the economy is in a recession now,” Powell said. He noted […]