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US layoffs rise to the highest for any February since 2009, Challenger says
Layoff announcements in February hit their highest level for the month since the global financial crisis, according to outplacement firm Challenger, Gray & Christmas. The total of 84,638 planned cuts showed an increase of 3% from January and 9% from the same month a year ago, with technology and finance companies at the forefront. From a historical perspective, this was the worst February since 2009, which saw 186,350 announcements as the worst of the financial crisis was seemingly coming to an end. Financial markets bottomed the following month, paving the way for the longest economic expansion on record, ... (full story)
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post: Fed’s Powell: if Economy Does as Expected We Think Carefully Removing Restrictive Stance of Policy Will Begin Over Course of This Year post: FED'S POWELL Q&A: REPEATS, 'WELL AWARE' OF RISK OF WAITING TOO LONG TO CUT RATES; REPEATS EXPECT EAST 'LATER THIS YEAR' #Powell #FederalReserve #economy post: ? POWELL: SURGE-PRICING WORKS BOTH WAYS, IN SLOW PERIODS PRICES GO DOWN ? POWELL: WE NEED TO GIVE COMPANIES FREEDOM TO SET PRICES post: MORE FED'S POWELL Q&A: REPEATS, HAVE LONGER-TERM HOUSING SHORTAGE; WHEN RATES 'PASS THROUGH' WILL STILL HAVE HOUSING SHORTAGE #Powell #FederalReserve #economy post: Powell: Our Job is to Restore Price Stability That’s What We’re Doing
The witness will be The Honorable Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System.
The euro area economy stagnated at the end of 2023 amid tight financing conditions, subdued confidence and past competitiveness losses. Incoming information suggests a slower ...
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In light of recent economic trends and the most recent Congressional Budget Office projections (CBO 2024), we offer new perspectives on the medium- and long-term fiscal outlook, ...
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- Posted: Mar 7, 2024 10:53am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,097
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