Huawei. The s p 500 down 0. 9 . Dire Economic Data followed by confidencey good data, according to the Michigan Consumer sentiment data. But we are checking the innards of those data to see what is going on there. The 10 year yield at 63 basis 28. 53, up crude at a good 3. 5 today. Lets get to europe. Germany plunging into recession, gdp falling 2. 2 in the first quarter. Bloomberg has been speaking with executives of German Companies about the pressures caused by the pandemic. Have a listen. The times are turbulent and they are complicated. The real question everyone is asking, how quick will be recovery come . The uncertainty remains. There is still very much uncertainty, so from that point of view, we remain kind of cautious. I think it is too early to call an end to the globalized world. We assume a ushaped in area into year end. We are presuming recovery on the one side, which is important. We dont know exactly how the restart and the unraveling of the current lockdowns across the
Department, 178,000 jobs were created in november. The Unemployment Rate fell to 4. 6 . But thats because more americans left the work force. And wages, which had been rising, fell. So despite the labor market being described as solid, some questions still remain. But as Hampton Pearson reports, that may not deter the Federal Reserve. Reporter the november jobs report, which included the lowest Unemployment Rate in nine years, may be the last hurdle to fall as the Federal Reserve considers raising Interest Rates for the first time in a year. Leading economists say when monetary policymakers meet in two weeks, markets will be focused on what the fed says about the path of future rate hikes. Our expectation is three hikes next year. Currently theyre signalling two. I wouldnt really expect them to necessarily change that. You know, in two weeks. But i do think that ultimately were at full employment, i think. And were still adding 170, 180,000 jobs a month. The drop in the Unemployment Ra
Department, 178,000 jobs were created in november. The Unemployment Rate fell to 4. 6 . But thats because more americans left the work force. And wages, which had been rising, fell. So despite the labor market being described as solid, some questions still remain. But as Hampton Pearson reports, that may not deter the Federal Reserve. Reporter the november jobs report, which included the lowest Unemployment Rate in nine years, may be the last hurdle to fall as the Federal Reserve considers raising Interest Rates for the first time in a year. Leading economists say when monetary policymakers meet in two weeks, markets will be focused on what the fed says about the path of future rate hikes. Our expectation is three hikes next year. Currently theyre signalling two. I wouldnt really expect them to necessarily change that. You know, in two weeks. But i do think that ultimately were at full employment, i think. And were still adding 170, 180,000 jobs a month. The drop in the Unemployment Ra
Created in november. The Unemployment Rate fell to 4. 6 . But thats because more americans left the work force. And wages, which had been rising, fell. So despite the labor market being described as solid, some questions still remain. But as Hampton Pearson reports, that may not deter the Federal Reserve. Reporter the november jobs report, which included the lowest Unemployment Rate in nine years, may be the last hurdle to fall as the Federal Reserve considers raising Interest Rates for the first time in a year. Leading economists say when monetary policymakers meet in two weeks, markets will be focused on what the fed says about the path of future rate hikes. Our expectation is three hikes next year. Currently theyre signalling two. I wouldnt really expect them to necessarily change that. You know, in two weeks. But i do think that ultimately were at full employment, i think. And were still adding 170, 180,000 jobs a month. The drop in the Unemployment Rate to 4. 6 had cross currents.