A shopper checks out the egg section at the Publix at Winter Park Village, Tuesday, Jan. 17, 2023. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Inflation may be cooling. But, f...
Tag: Mark Zandi
Recession Fears 2023: What Lies Ahead?
Getty Images Key takeaways A 2023 recession may be on the way, with economists predicting a 70% chance of economic downturn this year However, economists haven’t agreed on when it will begin or how lo...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
Stock Market Crash Isn’t Over According To Indicator With ‘Perfect’ Track Record
Topline The stock market has minted a stunning rally amid hopes that the worst of the Federal Reserve’s interest rate hikes has passed and inflation has cooled, but Bank of America analysts on T...
The Upper Middle Class Is Getting Squeezed
By Dion Rabouin | Photographs by Dina Litovsky for The Wall Street Journal July 25, 2022 5:30 am ET Mark Yu had a profitable pandemic. Like many Americans, he added to his savings and pulled in big ga...
China Covid Lockdowns Threaten To Fuel U.S. Inflation As Economic Pessimism Grows
Topline As rising cases in Shanghai threaten further lockdowns in the region, experts are warning China’s pandemic crackdown measures this spring could be the latest headwind for the U.S. econom...
Inflation Hits 40-Year High—Spiking 8.5% In March As Ukraine Invasion Fuels Oil Prices
Topline Consumer prices rose 8.5% in the 12 months ending in March, according to data released Tuesday by the Labor Department, climbing at the quickest pace in four decades following an unprecedented...
Economy Added Back 678,000 Jobs As Unemployment Rate Ticked Down To 3.8%
Topline The U.S. added back a surprisingly strong 678,000 new jobs in February, performing much better than experts were expecting in a report that’s likely to encourage the Federal Reserve to pursue ...
Economic Fallout From Russia’s Invasion Will Be ‘Modest’—But Inflation Will Surge Higher, This Expert Predicts
Topline While Russia’s invasion of Ukraine is taking a “massive” human toll, the global economic fallout is likely to remain “modest,” according to a recent note from Moody’s Analytics chief economist...
New Unemployment Claims Unexpectedly Rise For First Time In Four Weeks As Inflation, Russia Drive Economic Uncertainty
Topline The number of new unemployment claims unexpectedly jumped for the first time in nearly a month on Thursday, highlighting the rising level of economic uncertainty amid a prolonged inflation sur...
U.S. Added Back 467,000 New Jobs In January—But Unemployment Rate Ticked Up To 4%
Topline Despite a record wave of Covid-19 cases, the U.S. added back a surprisingly strong 467,000 new jobs in January, performing much better than experts were expecting in a report that’s likely to ...
New Jobless Claims Keep Unexpectedly Spiking As Omicron Surge ‘Taints’ Economic Recovery
Topline The number of new unemployment claims unexpectedly jumped for the third week in a row this month—adding to evidence suggesting the record wave of coronavirus cases this month—spurred by the ra...
Omicron Job Loss? Unemployment Claims Unexpectedly Spike One Week After Steep Drop In Jobless Benefits Numbers
Topline The number of new unemployment claims unexpectedly jumped for the second week in a row this month, despite a steep drop in the overall number of Americans receiving unemployment benefits just ...
U.S. Posts Disappointing 199,000 New Jobs Last Month—Omicron Surge Could Make It Worse
Topline Though unemployment fell to its lowest level in nearly two years, the U.S. added back a worse-than-expected 199,000 jobs in December—signaling the labor market is still struggling to add back ...
Number Of Americans Receiving Unemployment Benefits Unexpectedly Rises As Experts Caution Omicron Surge Could Slow Economic Recovery
Topline Despite falling to their lowest levels during the pandemic in recent weeks, the number of new unemployment claims unexpectedly increased last week, as experts warn a record surge in coronaviru...