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Search resuls for: "Julia Coronado"


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Revised third-quarter GDP up 3.2% compared with prior 2.9%
  + stars: | 2022-12-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRevised third-quarter GDP up 3.2% compared with prior 2.9%Allison Schrager, Manhattan Institute senior fellow, Julia Coronado, president and founder of Macropolicy Perspectives, and CNBC's Rick Santelli and Steve Liesman join 'Squawk Box' to discuss the revised third-quarter GDP data and more.
The robust jobs market is good news for American workers, but concerning for the Federal Reserve and equity bulls alike. “To be clear, strong wage growth is a good thing,” Fed Chairman Jerome Powell said at the Brookings Institution on Wednesday. “But for wage growth to be sustainable, it needs to be consistent with 2% inflation.” The year-over-year wage growth rate increased to 5.1% in November, more than double that goal. Getting back to a sustainable level of wage growth and tamping inflation will require reducing demand for labor. The dream is over: For the past year, Powell has advanced the optimistic idea that wage growth could be lowered without slowing the economy into recession.
The Net Rising Index (NRI) for sales — the percentage of survey respondents reporting rising sales minus the percentage reporting falling sales — peaked at 74% of firms in April 2021. Zoom In Icon Arrows pointing outwardsThe NABE data has both good and bad news for the Fed and companies. "They are still raising wages and still trying to pass along the higher costs," Coronado said. Sixty-nine percent of respondents to the NABE survey indicated all or some costs are being passed on. … You don't just keep raising rates until the economy cracks," Coronado said of the NABE data.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's already demonstrated willingness to take extreme action, says Macropolicy Perspectives' CoronadoMacropolicy Perspectives' Julia Coronado joins 'Closing Bell' to discuss upcoming Fed action predictions, which data will inform the Fed's December decision and the mounting concerns against Fed policy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to see consumer price sensitivity again, says MacroPolicy Perspectives founderJulia Coronado, president and founder of MacroPolicy Perspectives, and CNBC's Steve Liesman join 'Squawk Box' to discuss the forthcoming consumer price index report and what it could mean for the Federal Reserve's efforts to combat inflation.
Stocks fell sharply as investors evaluated the report, which showed more jobs than expected were added to the US economy and indicated that more pain-inflicting interest rate hikes from the Federal Reserve lie ahead. White-collar office workers appear to be feeling the brunt of the Fed’s actions: The financial and business sector saw a large decline in employment last month. What’s happening: The US economy added 263,000 jobs in September, higher than analyst estimates of 250,000. Business support services — such as telemarketing, accounting and administrative and clerical jobs — are also bleeding jobs. Meanwhile, legal services lost 5,000 jobs, and advertising services also dropped 5,000 jobs.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the U.S. goes into recession, the entire global economy goes into recession, says Julia CoronadoJulia Coronado, founder of MacroPolicy perspectives, and Greg IP, Wall Street Journal chief economics commentator, join 'Squawk Box' to discuss whether developed nations' economies are affecting the global economy and more.
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