Friday’s jobs report may be a case where good news isn’t really good

An employee retrieves a panini sandwich from a grill at a restaurant in the Union Market district of Washington, DC, on Tuesday, August 30, 2022. Al Drago | Bloomberg | Getty Images Investors are closely monitoring the nonfarm payroll report due Friday, but not for the usual reasons. In normal times, strong job growth and … Read more

ADP jobs report September 2022:

The US job market showed strength in September, with private companies adding more jobs than expected, payroll services firm ADP reported Wednesday. Companies added 208,000 this month, better than the 200,000 Dow Jones estimate and higher than the upwardly revised 185,000 in August. Those gains came even as commodity-producing industries reported losses of 29,000 positions, … Read more

SHOCK August 2022:

The number of job openings fell by more than a million in August, a potentially early sign that the huge labor gap in the US is beginning to close. Available positions totaled 10.05 million for the month, down 10% from the 11.17 million reported in July, according to a Bureau of Labor Statistics publication Tuesday. … Read more

‘The Fed Is Breaking Things Up’ – Here’s What Is Putting Wall Street On The Edge As Risks Grow Across The Globe

Jerome Powell, chairman of the US Federal Reserve, at a Fed Listens event in Washington, DC, US, on Friday, September 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up its efforts to tame inflation, sending the dollar soaring and sending bonds and stocks into a tailspin, concerns are mounting … Read more

Inflation accelerated even more than expected in August

Inflation was stronger than expected in August, despite the Federal Reserve’s efforts to lower prices, according to data from Friday that the central bank is closely monitoring. The price index of personal consumption expenditure, excluding food and energy, rose by 0.6% in the month, after being flat in July. That was faster than the Dow … Read more

Fed Vice-President Brainard Warns Against Early Withdrawal From Inflation Battle

US Federal Reserve board member Lael Brainard speaks after being nominated by US President Joe Biden as vice chairman of the Federal Reserve, in the South Court Auditorium of the Eisenhower Executive Office Building in the White House in Washington, US, on 22 Nov 2021. Kevin Lamarque | Reuters Vice Chairman of the Federal Reserve, … Read more

Ken Griffin says the Fed hasn’t done enough, must continue on its path to adjust inflation expectations

Ken Griffin, the founder and CEO of Citadel, believes the Federal Reserve has more work to do to drive down inflation, even after a series of large rate hikes. “We need to continue down that path to ensure we re-anchor inflation expectations,” Griffin said Wednesday at CNBC’s Delivering Alpha Investor Summit in New York City. … Read more

Stanley Druckenmiller sees ‘hard landing’ in 2023 with possible deeper recession than many expect

Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly resolve the excesses it has built up over a decade with accommodative monetary policy will not end well for the US economy. “Our pivotal case is a hard landing towards the end of ’23,” Druckenmiller said Wednesday at CNBC’s Delivering Alpha Investor Summit in … Read more

El-Erian says the Fed made a ‘policy mistake of historic proportions’

Allianz economic adviser Mohamed El-Erian says investors are paying the price for the Federal Reserve’s policy mistakes. “This is a two-pronged policy mistake of historic proportions,” the former CEO of bond giant Pimco told CNBC’s “Squawk Box” in a Monday interview. “Part No. 1 was tempted by ‘transient’ and doing nothing,” he added, referring to … Read more

Wharton’s Siegel Says Jerome Powell ‘Owns The American People An Apology’ For Bad Fed Policy

Jeremy Siegel David Orrell | CNBC Wharton Business School professor Jeremy Siegel on Monday criticized the Federal Reserve and its chairman Jerome Powell, saying the US central bank is acting too aggressively to fight inflation and will hurt American workers. Siegel said on CNBC’s “Squawk Box” that the continued high inflation in 2022 is largely … Read more