BBC on Nostr: Is the US economy heading for recession after stock market slump? ========== Global ...
Is the US economy heading for recession after stock market slump?
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Global stock markets have been in a slump, raising fears of a US economic slowdown; US jobs data for July was worse than expected, with only 114,000 jobs created instead of the expected 175,000; Unemployment rate rose to 4.3%, triggering the "Sahm rule" indicating the beginning of a recession; US Federal Reserve did not cut interest rates, leading to speculation that they waited too long to act; Technology companies and their share prices have been affected, with Intel cutting 15,000 jobs and the Nasdaq plunging by 10%; Some experts believe a recession is not inevitable and there is scope to reduce interest rates; Others believe the jobs data indicates a cooling labor market but not a collapse or recession.
#UsEconomy #StockMarket #Recession #JobsData #InterestRates #TechnologyCompanies
https://www.bbc.com/news/articles/cvgdd0xvxd7o
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Global stock markets have been in a slump, raising fears of a US economic slowdown; US jobs data for July was worse than expected, with only 114,000 jobs created instead of the expected 175,000; Unemployment rate rose to 4.3%, triggering the "Sahm rule" indicating the beginning of a recession; US Federal Reserve did not cut interest rates, leading to speculation that they waited too long to act; Technology companies and their share prices have been affected, with Intel cutting 15,000 jobs and the Nasdaq plunging by 10%; Some experts believe a recession is not inevitable and there is scope to reduce interest rates; Others believe the jobs data indicates a cooling labor market but not a collapse or recession.
#UsEconomy #StockMarket #Recession #JobsData #InterestRates #TechnologyCompanies
https://www.bbc.com/news/articles/cvgdd0xvxd7o