Page 2 - Bernard Baumohl News Today

Bankrate’s latest poll matched the Fed’s own outlook, with officials in September showing they don’t expect to cut rates until at least 2024.

Those probabilities are still close to a coin flip, but they’re down from an average forecast of 59 percent just last quarter.

Most experts expect inflation to hit the Federal Reserve’s preferred 2 percent goal post by the end of 2025, Bankrate’s Economic Indicator poll shows.

Economists see employers adding roughly 44,000 new positions each month on average between now and September 2024, Bankrate’s latest poll found.

The Fed is watching the jobs market closely, especially wages, as a key inflation source left to bring down, and labor data led to a big market whipsaw.

McDonald's stock fell toward the longest weekly losing streak in 4 years, amid concerns that the surge in bond yields will crimp consumer spending.

Article - In the Short Term, Hotel Executives Anticipate Slow Transactions Pace and Travel Budgets To Decrease - CoStar - Optimism reigned among hoteliers at the first day of The Lodging Conference, as tailwinds outweigh headwinds to the industry.

Strong hiring and spending are keeping recession at bay—for now

Employers are expected to add roughly 29,000 new positions each month on average between now and June 2024, while unemployment is expected to hit 4.5 percent.

Experts put the odds of a recession between now and July 2024 at 59 percent, showing a downturn is more likely than not.