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Search resuls for: "” Ian Shepherdson"


3 mentions found


☆ Why is inflation cooling — and why isn’t it coming down more
  + stars: | 2023-06-12 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +3 min
New York CNN —Ahead of May’s closely watched Consumer Price Index, set to be released Tuesday morning, economists are expecting yet another month of smaller price increases. No individual spending category accounted for more than 40% of overall inflation last year. For instance, the percentage of housing expenses that contributed to overall inflation nearly doubled to 64% from 33% a year ago. That accounted for 19% of overall inflation last April. That helped lower inflation overall.
Persons: Refinitiv, Anthony Behar, Ian Shepherdson Organizations: New, New York CNN, Federal, AP, Pantheon, Gas Locations: New York, seeping, New York City, Queens , NY
☆ The job market held up in May. But the Fed may have already decided to pause
  + stars: | 2023-06-02 | by ( Bryan Mena | ) edition.cnn.com   time to read: +8 min
Washington, DC CNN —The US labor market picked up momentum in May, once again defying expectations of a slowdown. Many economists, including those at the Fed, still expect a recession later in the year. The labor market and signs of future disinflationThe May jobs report mostly showed that the labor market held up. Some top economists have argued that the strong labor market has had a minor, albeit growing, impact on inflation. Hawkish Fed officials still think the Fed’s job isn’t done.
Persons: That’s, Joe Biden’s, ”, Philip Jefferson, Patrick Harker, “, ” Harker, It’s, ” Julia Pollak, ZipRecruiter’s, you’ve, you’d, Dave Gilbertson, hasn’t, Ben Bernanke, ” Jack Macdowell, Louis President James Bullard, Bullard, Louis Fed’s, Louis, Jerome Powell, there’s, Ian Shepherdson, Eugenio Alemán, Raymond James Organizations: DC CNN, Federal, Fed, Federal Reserve Bank of Philadelphia, National Association for Business Economics, CNN, Employers, of Labor Statistics, BLS, UKG, The Palisades Group, Hawkish Fed, Federal Reserve Bank of St, Louis Fed, Pantheon Locations: Washington, Washington ,
☆ Americans are getting worried about the job market
  + stars: | 2023-04-25 | by ( Bryan Mena | ) edition.cnn.com   time to read: +2 min
Washington, DC CNN —US consumer confidence worsened in April as Americans become more pessimistic about the job market. The Conference Board’s Consumer Confidence Index, which measures attitudes toward the economy and the job market, fell to 101.3 in April, down from 104 in March and marking the lowest level since July 2022. “Compared to last month, fewer households expect business conditions to improve and more expect worsening of conditions in the next six months. They also expect fewer jobs to be available over the short term.”That matches government figures showing the labor market has begun to show some cracks. Employers added 236,000 jobs in March, the smallest gain in two years, and job openings fell below 10 million for the first time since May 2021.
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