For the last year, experts have been making predictions of a recession but it hasn’t arrived. Edward Yardeni, president and chief investment strategist at Yardeni Research, joins CBS News to break down what is and isn’t happening with the economy.
#news #economy #recession
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Recession Fears Ease as Job Market Rallies and Inflation Falls
The global economy has been facing uncertainties for quite some time now, with fears of an impending recession looming over markets. However, recent economic data suggests that these concerns might be alleviating, as the job market rallies and inflation rates show signs of decline.
One of the primary indicators of a healthy economy is a robust job market, and it appears that many countries are experiencing positive employment trends. As businesses regain confidence and consumer demand rises, companies are starting to hire again, creating more job opportunities. This development not only strengthens the economy but also boosts consumer sentiment, leading to increased spending and overall economic growth.
In the United States, for instance, non-farm payrolls increased by a staggering 943,000 jobs in July 2021, according to the Labor Department. The unemployment rate also dropped to 5.4%, demonstrating a significant improvement compared to earlier months. These figures reflect the resilience of the American job market and provide a much-needed relief to recessionary concerns.
Additionally, inflation, which has been a cause for worry among economists, appears to be cooling off in many regions. Inflation occurs when there is a sustained rise in the general price level of goods and services, eroding purchasing power and causing economic instability. However, recent data suggests that inflationary pressures might be subsiding.
In the United States, the Consumer Price Index (CPI), a widely-used measure of inflation, rose 0.5% in July, slightly lower than expected. This slowdown in inflation growth can be attributed to various factors such as easing supply chain disruptions and the gradual stabilization of energy prices. Central banks, like the US Federal Reserve, are also closely monitoring inflation indicators and are ready to take appropriate measures to ensure price stability.
Furthermore, in countries such as Australia and the United Kingdom, inflation rates have started to steady, alleviating concerns about their economies overheating. This moderation in inflation can be attributed to various factors like increased productivity and better supply chain management. As inflation eases, purchasing power is maintained, and the economy can continue to grow without undue pressure on consumers and businesses.
While these positive economic indicators provide a sense of relief, it is crucial to remain cautious and avoid complacency. The threat of new variants of COVID-19, geopolitical tensions, and other global factors can still impact the economy and potentially dampen the current recovery. Governments and central banks must continue to stay vigilant and adapt policies accordingly to ensure sustained growth.
It is also important to address the longer-term structural challenges that exist in many economies, such as income inequality, climate change, and technological disruptions. By tackling these issues, policymakers can build more resilient and inclusive economies that are better equipped to withstand future shocks.
In conclusion, recession fears are starting to ease as job markets rally and inflation rates stabilize in many parts of the world. The positive employment trends and declining inflation provide a much-needed boost to consumer sentiment and economic growth. Nonetheless, ongoing efforts to address underlying challenges and uncertainties are essential for maintaining a resilient global economy.
inflation is not stabilizing or going down open your eyes this Ed guy is a idiot rates are rising everything continues to rise in price wages are going down and unemployment rates are going up
SBUX is down $26,000, HD is down $35,000. Draft Kings is down $6,000. NIO is down $15,000. And ABML is down $8,000. I'm having a rough year. Only in the vain hope that I may either wait for a recovery or pick lucrative investments and ETFs/Stock to make up for my loss am I clinging to the Maverick of Wall Street's advice on opportunities under unstable market conditions. In addition, during these tough times, I've read articles of people generating $350,000 in a quarter. Describe how they did that, please.
Well tell me why prices are soaring and people pay remain the same? People can’t afford to give their children what they need due to rent/mortgage hikes. Pay needs to match up with the rising costs. If it don’t it push more people in poverty. Don’t forget about the pandemic. People struggling to hire workers. You need people to run this economy. You can’t run it by yourself. Supply and demand is on a trampoline.
Buying investing their own compony
That’s because billionaers keep buying and investing to make it look good da
Ya right inflation is still bad
Pure BS, the US economy is collapsing and everyone that actually works for a living can see it.
Western media lies.
We have been in a period of price gouging.
Most likely a non-internal issue caused this recession. The US dollar is becoming less influential as a government reserve currency for the first time in decades. A smaller amount of money is spent on trading in stocks and oil than in the past, and there are no more economies to utilize to control inflation. They all offer evidence in favor of the hypothesis that a new multilateral international order is in development.
Brandon send another 100 millions dollars to lap dancer Zelensky
Excellent. Heard too much doom and gloom from Maga folks
Oh give me a break.
Republicans will do what ever they have to for the rich.
Watch Joe Biden take a victory lap. Maybe he can do it without falling
So sales and prices go up. Shocker. Corporate greed.
Man you're delusional seek medication
People like going out more than ever.
All the Republican tears on hearing the good news will fix the world's water shortage. Thank you Dark Brandon.