Alas, looks like the US economy is cooling quicker than most analysts think. The Bloomberg US Economic Surprise Index has dropped to a 9-year low. pic.twitter.com/bnVdCfKfGj
— David Ingles (@DavidInglesTV) July 4, 2024
🇺🇸 Although FOMC minutes included some saying rates "might need to be raised", our old Fed model continues to point to a growing probability for rate cuts. That said, the Fed will be as late in starting to cut as it was too late in starting to hike. pic.twitter.com/F31tZO7g75
— Mikael Sarwe (@MikaelSarwe) July 4, 2024
July rate cut odds spiking pic.twitter.com/2Z8j6LRUcr
— zerohedge (@zerohedge) July 3, 2024
Europe, Canada, Australia and China are already cutting rates. We're about to settle this rate cutting debate once and for all.
Bulls, you are what I call fact resistant and dependent upon copious bull shit. pic.twitter.com/YXOnnFipsw
— Mac10 (@SuburbanDrone) July 4, 2024
VIX seasonality about to kick in? That's what history tells us 👀 pic.twitter.com/IEPd6Qub7x
— Menthor Q (@MenthorQpro) July 3, 2024
US Labor Market Shows Signs of Cooling as Hiring Pace Moderates
Recent labor market data in the US indicates a slowdown in hiring and wage growth. ADP Research Institute reports show private companies hired at a more moderate pace in June, with wage increases cooling for both job changers and job stayers. Additionally, recurring unemployment claims have risen for nine consecutive weeks, suggesting difficulties in finding new employment. The data, released ahead of the government’s June employment report, points to weakening demand for workers across various sectors, with notable exceptions in leisure and hospitality. These trends align with Federal Reserve Chair Jerome Powell’s recent comments about a move towards balance in the labor market supply and demand.
292 views