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Top related persons:
Fiona Greig - 2 who's - 1 I've - 1 you'd - 1 it's - 1 Mark Zuckerberg - 1 doesn't - 1 Emily Stewart - 1
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America U.S joblessness
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Vanguard - 2 Glass Institute - 1 Business - 1 Labor - 1 Reuters Graphics Reuters - 1 Conference - 1 Fed - 1 Nationwide - 1

Search resuls for: "Fiona Greig"


7 mentions found


☆ White-Collar Recession: It's Hard to Find a High-Salary Job
  + stars: | 2024-04-30 | by ( Aki Ito | ) www.businessinsider.com   time to read: +7 min
Over the past year or so, pretty much everyone who's looked for a job has told me the same thing: The job market is brutal right now. By all the standard measures, the job market is doing just fine. And what the numbers show is a two-tier job market — one divided between a blue-collar boom and a white-collar recession. Now, you could argue that a slowdown in white-collar hiring doesn't really matter in the current economy, even for white-collar workers. And the longer the white-collar hiring lull continues, he warns, the more the resentment will build.
Persons: who's, I've, you'd, it's, Mark Zuckerberg, Fiona Greig, doesn't, Emily Stewart, Guy Berger, Berger, there's, —, Aki Ito Organizations: Vanguard, Glass Institute, Business Locations: America
☆ Key US jobs data boost Fed's 'soft-landing' hopes
  + stars: | 2023-08-29 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: +5 min
The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed 2.3% of nonfarm payroll workers quit their jobs in July, down from a rate as high as 3% during the pandemic-driven "Great Resignation." The hiring rate last month hit its lowest point since April 2020. The JOLTS data for July "are moderating back to either pre-pandemic levels or levels that we have not seen in quite some time. Because the 401(k) data tends to capture higher-paying jobs, slowed hiring in that cohort could be particularly relevant to the Fed's inflation outlook. Data later this week will provide an updated view on inflation as well as for hiring and wages in August.
Persons: Fiona Greig, Greig, Christopher Waller, Beveridge, Oren Klachkin, Howard Schneider, Dan Burns, Paul Simao Organizations: Labor, Reuters, Vanguard, Reuters Graphics Reuters, Conference, Fed, Nationwide, Thomson Locations: U.S, joblessness
☆ Vanguard's global investment expert explains what traders are doing to kick off 2023 and how markets are reacting to the Federal Reserve's policy tightening.
  + stars: | 2023-01-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Today, I'm sharing my conversation with Fiona Greig of Vanguard's Investment Strategy Group. Fiona Greig, global head of investor research and policy for Vanguard VanguardFiona Greig is the global head of investor research and policy for Vanguard's Investment Strategy Group. This suggests a "stay the course" posture, meaning yes there's been volatility, but the longer term outlook they have for the stock market is stable. There's some lower expectations for stock market returns in the short term, but we see pretty clear expectations and optimism for returns in the next 12 months, and even 10 years. The firm's strategists said these companies pay out a healthy dividend and can offset stock market losses in a slow-growth economic landscape.
☆ Here's why investors should consider putting money in the market now as optimism climbs, according to Vanguard's head of investor research
  + stars: | 2023-01-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +3 min
Investors should consider moving cash into the market right now, according to Vanguard's global head of investor research and policy. In her view, investors can capitalize on the current landscape by increasing their savings rate and leaning more into employer-sponsored retirement accounts. "Yes, there's been volatility, but the longer-term outlook [investors] have for the stock market is stable," Greig said. Investors have turned a bit less anxious about short-term stock returns, as of December 2022. There's some lower expectations for stock market returns in the short term, but we see pretty clear expectations and optimism for returns in the next 12 months, and even 10 years."
☆ New retirement account rules make it easier to tap savings early for emergencies
  + stars: | 2022-12-27 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +7 min
But they said the rules also amount to another source of so-called "leakage" that run contrary to the overall goal of retirement savings: to build a nest egg for the future. Participants can also access 401(k) savings via loans or non-hardship withdrawals. Non-hardship distributions also hit an all-time high in October — almost 0.9% of participants took one that month, according to Vanguard. And the share of workers taking 401(k) loans rose to 0.9% in October from 0.8% at the beginning of 2022. Beyond the apparent acute financial need among households, hardship withdrawals carry negative repercussions like tax penalties.
☆ Shoppers are dipping into savings and going into debt. That could cause a holiday hangover
  + stars: | 2022-12-09 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
And that would be problematic for an economy that is driven by consumer spending. But the savings rate has come down since, in large part due to the high cost of living. The savings rate fell to just 2.3% in October, according to government statistics released last week. By contrast, the savings rate in 2019 averaged nearly 9%, according to Moody’s. Markowska expects consumer spending to remain solid until layoffs pickup steam, likely during the third quarter of next year.
☆ 401(k) 'hardship' withdrawals hit record high, Vanguard says — another sign households feel the pinch of inflation
  + stars: | 2022-12-08 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +6 min
Thomas Barwick | Stone | Getty ImagesThe share of retirement savers who withdrew money from a 401(k) plan to cover a financial hardship hit a record high in October, according to data from Vanguard Group. Nearly 0.5% of workers participating in a 401(k) plan took a new "hardship distribution" in October, according to Vanguard, which tracks 5 million savers. Americans are 'feeling the pinch from inflation'Nearly all 401(k) plans allow workers to take hardship withdrawals, but employers may vary in their rationale for allowing them. Participants can also access 401(k) savings via loans or nonhardship withdrawals. Beyond the apparent acute financial need among households, hardship withdrawals carry negative repercussions.
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