JPMorgan Chase CEO Jamie Dimon has issued a stark warning about the global economy, cautioning against inflation and highlighting geopolitical threats. The Sobering Address In a sobering address at the 2023 New York Times DealBook Summit, JPMorgan Chase CEO Jamie Dimon sent waves through Wall Street, cautioning that the specter of a recession looms and […]
Author: Katie Glenn
U.S. Economists Remain Uncertain of Financial Future and Warn Any Relief May Be Temporary
The annual American Economic Association meeting left leading economists treading lightly into the New Year. A Meeting of the Minds After the annual American Economic Association meeting, top economists are left battling their short-term optimism vs. their long-term concerns. A Look at Last Year At last year’s conference, analysts were caught up in the unanticipated […]
Democrats Introduce Stricter Rules on Worker Classification – Is Your Job Affected?
Biden’s new regulation has contractors and companies alike questioning how it will affect their jobs. Read below to see if your classification will change. Biden’s New Regulation The Biden administration recently announced a new rule intended to change how businesses categorize their employees. The Affected Industries This might have an impact on a number of […]
Spending Trend: The Lipstick Effect – What Is It and How Is It Helping the Economy?
As economic uncertainty looms, consumers are shifting towards smaller indulgences labeled as “affordable luxuries.” Stepping into 2024 As we step into 2024, consumer behavior is shifting. While 2023 witnessed an unexpected surge in spending that helped prevent an impending recession, experts suggest we might see a dip in spending this year. “Little Luxuries” In the […]
Stock Market: Boeing Suffers Turbulence After Mid-Flight Blowout
Boeing’s mid-air blowout prompts safety concerns, triggering a drop in shares, supply chain challenges, and heightened scrutiny into its overall safety record. Boeing Faces Turbulence Boeing, a name synonymous with aviation prowess, is grappling with a fresh crisis after one of its 737 Max 9 planes suffered a mid-air blowout, leading to an emergency landing. […]
World Bank Warns of Global Economic Slowdown
The World Bank warns of the slowest global economic growth since the pandemic due to persistent challenges. A Sobering Outlook The World Bank has issued a warning; they are projecting 2.4% growth in 2024, the weakest economic growth since the pandemic. A Look at the Global Economy The World Bank’s twice-yearly lookahead takes into account […]
How Social Security Changes Impact Your Retirement Spending
Reflecting on 2023 spending and asking what will 2024 look like for America’s seniors? A Look Back, A Look Forward 2023 saw considerable spending among older Americans, driven by an increase in Social Security incomes, while the upcoming year will see a more gradual increase in Social Security benefits. Senior Purchasing Patterns This begs the […]
Strong Labor Market Keeps Inflation in Check
Explore how a strong job market kept inflation in check against expectations. The Unexpected Combination Few economists were expecting the combination of a strong job market and moderate inflation when 2023 came to an end. But this unanticipated union ended up shaping last year’s economic story. Good Luck or is Progress Here to Stay? Now, […]
Jobs 2024: What’s Next for the U.S. Employment Market?
Indeed stats show while job postings decreased in 2023, they continue to surpass prepandemic levels. No Easy Task Finding a new job in 2023 was no easy task due to various global and economic shifts. But even so, employers found themselves with much less open positions than they kicked off the year with. Postings Increase […]
Housing Market Predicted to Curb Inflation in 2024
The housing sector may be the hero we need against inflation. Surprising Relief In a year marked by soaring home prices and inflationary pressures, a surprising relief might be on the horizon: the housing sector is poised to play a pivotal role in curbing inflation in 2024. As the battle against inflation reaches its “last […]