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CNN CNN Newsroom June 4, 2024 14:03:00

Occupant of this covid crash and get to a more normal level, but the job market is just still strong. third quarter, the economy grew 2.9%. youre seeing signs of inflation starting to cool, but the ko consumer is still driving things forward. what i learned about the economy this week is it is showing a really robust strength here at a time when the fed is trying to slow it down so inflation isnt a permanent problem. >> were expecting another rate hike later this month. christine romans, well ta...
Doesn T Spin Off Inflation Ko Consumer Covid Crash 2 9 Isn T A Permanent Problem Christine Romans

CNN Early Start With Christine Romans June 4, 2024 10:47:00

In the third quarter. prepandemic. maybe this is the best bad economy i can ever remember. >> yeah. thanks for having me. youre exactly right. the economy has been shockingly resilient despite all of the headwinds from inflation and i do think we are starting to see growing concerns on the personal finances front with additional consumer debt. theres a lot of sort of i think unaccounted for debt in the buy now pay later space. those are some of the concerns and some of the headwinds i think were...
2 9 Consumer Debt Debt Bomb Holiday Shopping Labor Market Tech Layoff

CNN Early Start With Christine Romans June 4, 2024 10:18:00

It means they will keep rates very high until they see consistent, sustained progress month after month, not only on inflation but on the labor market and on all other parts of the economy that theyre trying to stabilize. >> if this is what a recession looks like, bartender, pour me another. the economy is strong. 2.9% gdp growth in the economy. we saw that number yesterday. what does that tell you about what the fed chief is doing. outside of housing, theres still strength in the economy, a lot...
Progress Month Labor Market Gdp Growth 2 9 Consumer Spending

CNN CNN This Morning June 4, 2024 13:38:00

1.7 workers for every everybody job. she said this is the labor mark thats doing very well except up enrife preponderance of the evidence for 16 yoors weve been covering the studio. we did the recessions in 2000ss is it that tells you where we are receipt now. >> i can it will you if than we were in 2007, 2008 and twine. i mean, completely different world. balance sheets are fine. consumers say they feel real crappy about the economy. they are spending to go to disney. theyre spending to get on ...
Labor Mark Everybody Job 1 7 Balance Sheets Chip Shortage 2 9

CNN CNN This Morning June 4, 2024 13:50:00

Bumbling around but you are focused on bottom line. can you offer us perspective as a business person, entrepreneur, on whats happening in the economy. we just did a story and the u.s. economy has grown 2.9%, gtp rose by annualized higher than they expected. and were saying suns covid were not sure we have the right metrics to measure our economy. what do you think about that? >> interestingly it was an independent documentary, so i dont agree with everything they said. my life is not focused on...
U S Bottom Line Business Person 2 9 The End Cruise Company

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CNN CNN Newsroom June 4, 2024 14:24:00

Probably still be pretty robust. here is the conundrum for this fed, so many on wall street want to hear the fed want to say, okay, we dont need to be raising interest rates 75 basis points every time, we want to -- >> taper. >> -- cool down that pace. how do you cool down the pace of rate hikes when you have an economy growing at 2.9%. 2.9% for a quarter pre-pandemic would be the envy of any quarter of any president quite frankly. the fed has been raising interest rates to cool these numbers, t...
Interest Rates Basis Points Wall Street Rate Hikes Pre Pandemic 2 9

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