CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 19:33:00
Gain steam, peloton soul cycle, best buy have announced layoffs. j jobless claims are historically low but picking up. just today we learned that new york manufacturing unexpectedly collapsed in august. that's one region, one report. if that continues, that would be a concern. we have red lights flashing, the bond market, a section of the treasury yield curve has inverted, that has been an eerily accurate predictor of recessions in the past, and the federal reserve is really aggressive trying to fight inflation. what they wanted to do was raise interest rates like this. this is what they did l...