“In fact, Goldman sees not only stronger payroll growth but also even higher pressure on wages than the 3.2% annualized that the Labor Department reported. Hatzius said the firm’s various wage trackers put earnings growth at 3.4%, which would be the best level of a recovery that began in mid-2009.”
“The Job Openings and Labor Turnover Survey for July — the reading runs a month behind nonfarm payrolls — showed there are still 1.17 million more job openings than available workers. Hires outnumbered separations by 194,000 and the quits level, which measures employees who voluntarily left their jobs and is considered a yardstick for worker confidence, rose by 130,000, up 0.1 percentage point to 2.4%.
Finally, Tuesday’s National Federation of Independent Business Survey, which polls small businesses, found that 57% of all respondents reported that finding qualified workers remains their biggest staffing challenge.”
Stocks slipped Wednesday as market participants digested the Federal Reserve’s latest monetary policy decision, wherein divided central bank officials delivered their second rate cut of the year.
To clarify, did the interest rates go down TODAY (9/18)? We’re supposed to sign on a refinance of our loan next week. Should I be asking for a rate drop?
Yes, you should be asking it all the time, can’t hurt. Your 10 mins conversation can save you thousands. I was able to get 0.25 lower first time I asked, then another 0.125 lower on second ask. Until you sign they don’t have your business yet
FED not only reduced rate to avoid falling economy, but also pumping up printing money.
This is in fact the unofficial Quantitative Easing…the REPO market.
Stocks will jump, Real Estate will jump and then Mortgage rate jumps…This is FED preemptive action against economic impact.
A better way of saying it: A number of financial institutions overextended themselves, and so the Fed exerts its role as “lender of last resort” and bails them out.
In a more cutthroat version of capitalism, interest rates would rise to attract more private capital, and along the way, a number of bankruptcies of weak or poorly run institutions would likely occur.
Democrats impeaching Trump will backfire. They will lose in the Senate. And even if they win we will have someone even more conservative in the White House. President Pence.
I would take Pence over Trump any day. For some of us this isn’t a Left vs Right issue. As a moderate I’d be more supportive of Pence than the Fringe left that is trying to take over the Democratic party.
Pence is actually a lot more conservative than Trump. He just does it with less drama - which is a good thing.
The only reason the Senate might go along with impeachment is if the Dems can’t implicate Pence and the Reps think he would be a stronger candidate for next year. Which he might be.
I have no problem either with the Democrats impeaching Trump. President Pence sounds good to me.
But because Trump is a lightening rod, the Democrats lose all their effectiveness railing against Trump. He causes them to go into a blind rage making them useless.
Trump is an asshole but he is our asshole. So goes Republican thinking. But if the Democrats take him down the Republicans will abandon him for Pence.
