Goldman Sachs significantly cut the odds of the US economy entering a recession over the next year, citing in part the enduring strength in the nation’s jobs market.
The probability reset follows January’s shock jobs report; the economy added 517,000 jobs last month, almost double the consensus forecast. It’s important to note that the headline increase was questioned with some economists keen to say that the data was a lagging metric.In a note, First Trust’s chief economist Brian Wesbury said: “The difficulty of forecasting in this environment is absolutely astounding.
Two key reasons for Hatzuis’ optimism are that wage growth is slowing, a sign that the labour market is rebalancing faster than other job metrics signal.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Departures in Goldman Sachs special sits unitGoldman Sachs has shed two senior bankers from its private credit/special situations unit, which writes cheques for the spicier end of debt capital markets.
Source: FinancialReview - 🏆 2. / 90 Read more »
‘You are frankly wrong’: Andrews dismisses heckler asking about vaccine mandatesPremier Daniel Andrews said he won’t apologise for saving the lives of Victorians after being questioned about vaccine mandates by a member of the public during a tense back-and-forth. Destroyed the lives of Victorians , not saved them. Changed his tune on vaccine mandates now Shut down a man? The vaccine doesn't work. At all. Mask don't work. At all. Lockdowns didn't work. At all. The economy and lives were destroyed? Heir Andrews got nothing right and should actually be prosecuted. You are laughable . It Is Not For Him Tp Apologize He Should Apologize to Our Lord For Doing All Bad Things .
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Live: NT Chief Minister says alcohol ban legislation coming in next sitting of ParliamentNorthern Territory Chief Minister Natasha Fyles holds a press conference about a report on Alice Springs. Follow live. Obviously, this has been proven to work. But maybe in the future, we can look at alcohol restrictions for all Aussie communities where crime is a problem, not just Aboriginal communities. With less crime, we could shut some jails down. 😛 AUSTRALIA 2023- $600 MILLION to UKRAINE $250 MILLION to NORTHERN TERRITORY & you STILL REFUSE to ACCEPT that ALBO is an IMF MUPPET
Source: abcnews - 🏆 5. / 83 Read more »
US stocks extend losses, RBA poised to lift rates by 0.25pcAustralian share futures are pointing to a muted open. Materials led all 11 S&P 500 industry sectors down. $A slides anew. Bitcoin steady. Need a full one percent hike to shock the economy into submission
Source: FinancialReview - 🏆 2. / 90 Read more »