US and World Economies Face Different Outlooks for Soft Landings
===============
#d7e5dee0 ver:0.25
Federal Reserve Chair Jerome Powell expects to make three interest rate cuts in 2024, supporting President Joe Biden's opinion on the strong US economy. However, corporate executives like Jamie Dimon, CEO of JP Morgan Chase, are skeptical and warn of dangerous and inflationary factors in the economy. The Labor Department's November jobs report showed the addition of 199,000 jobs and a decrease in the unemployment rate to 3.7%, but it may have reflected economic relief from unions for autoworkers and actors returning to work. If the economy has a 'soft landing' in 2024, it may not be economically beneficial for all Americans, as inflation is high and wage growth has not kept pace. Income inequality could continue to grow, leading to potential calls for Guaranteed Basic Income (G.B.I.) for l...
#newstr #UsEconomy #WorldEconomy #SoftLanding #InterestRates #Inflation #IncomeInequality #MonetaryPolicies
https://here.news/story/d7e5dee0?ver=0.25
stories / HERE.news (aka "Newstr")
npub1nn…effs2
2024-02-13 00:33:19
Author Public Key
npub1nnfvvadussrr3y6vh3rtee0urtaej4m0vpz4p2vhfvmak7n7hjrq2effs2Published at
2024-02-13 00:33:19Event JSON
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"content": "US and World Economies Face Different Outlooks for Soft Landings\n===============\t\n#d7e5dee0 ver:0.25\n\nFederal Reserve Chair Jerome Powell expects to make three interest rate cuts in 2024, supporting President Joe Biden's opinion on the strong US economy. However, corporate executives like Jamie Dimon, CEO of JP Morgan Chase, are skeptical and warn of dangerous and inflationary factors in the economy. The Labor Department's November jobs report showed the addition of 199,000 jobs and a decrease in the unemployment rate to 3.7%, but it may have reflected economic relief from unions for autoworkers and actors returning to work. If the economy has a 'soft landing' in 2024, it may not be economically beneficial for all Americans, as inflation is high and wage growth has not kept pace. Income inequality could continue to grow, leading to potential calls for Guaranteed Basic Income (G.B.I.) for l...\n\n#newstr #UsEconomy #WorldEconomy #SoftLanding #InterestRates #Inflation #IncomeInequality #MonetaryPolicies \n\n https://here.news/story/d7e5dee0?ver=0.25",
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