News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Inflation is on the rise once more, hitting 2.9% in August, as jobless claims hit a peak not seen since 2021, complicating the Fed's rate cut plans. The market is pricing in a 25 basis point cut despite economic concerns, allowing the S&P 500 to surge to record highs. Gold, though, is signaling caution, while AI-driven stocks like Adobe shine.
The latest PPI report showed inflation is largely a non-issue at the moment, but today's CPI report could impact Federal Reserve rate cut decisions and stock market trends. Stocks largely got a boost yesterday from Oracle's earnings report, but the broad-based impact may fade as AI demand seems to be narrowing. and labor market challenges show a difficult economy.
The labor market is telling a tale that the headline numbers are obscuring: the economy is dramatically slowing. Employers are tightening their belts and eliminating positions ahead of what they perceive to be tough times ahead. That's causing workers to change their attitudes about their jobs, going from nonchalant to desperately clinging to what they have. It's going to be why the Fed finally cuts interest rates, but it may be too little too late with inflation back on the rise.