Monday, February 27, 2023

Why the Fed is increasingly flying blind on the economy

Analysts have long expected a slowdown in the US labor market, but for the past 10 months, the data has come in better than expected.
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Why the Fed is increasingly flying blind on the economy
Analysts have long expected a slowdown in the US labor market, but for the past 10 months, the data has come in better than expected. Read more »
 
Elon Musk tweets support for 'Dilbert' creator after racist tirade
Elon Musk defended "Dilbert" creator Scott Adams after hundreds of newspapers stopped printing the comic strip because of Adams' recent racist comments. Read more »
 
Economists' crystal balls are growing cloudier. But they still expect a recession
The US economy is confusing: Jobs are surging. Inflation has been cooling but still running relatively hot. Gas prices are on the rebound. Consumers keep spending, and their confidence is growing. But holiday sales were tepid. Corporate layoffs are mounting. Company earnings aren't stellar. And mortgage rates are ticking higher. Read more »
 
New York Times: Twitter lays off another 10% of staff
Twitter's massive job cuts continued this weekend, as the company cut about 10% of its remaining staff, according to a report in the New York Times. Read more »
 
Inflation is doing a crab walk and Fed officials fear its pinch
The possibility of a 2023 market rally ground to a halt last week amid an onslaught of unfortunate inflation and economic data that spooked investors and increased the likelihood that the Federal Reserve will continue its economically painful rate hikes campaign for longer than Wall Street hoped. Read more »
 
Long Covid disabled them. Then they met a 'broken' Social Security disability process
Pushing through cognitive impairment, migraines and severe fatigue, Michaelene Carlton, 49, mustered up the energy last week to dial the Social Security Administration to speak to her newly appointed Social Security Disability Insurance case manager. She has left six messages, one every two weeks since late December, and she still hasn't heard back. Read more »
 
 
 
 
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