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Tag: American labor market

US stocks: Fed’s Cook says AI will bring big changes and sees potential short-term unemployment rising
Stock Market

US stocks: Fed’s Cook says AI will bring big changes and sees potential short-term unemployment rising

Artificial intelligence has brought about a generational change in the U.S. labor market and could lead to a possible rise in unemployment that the U.S. central bank may not be able to counter with lower interest rates, Fed Governor Lisa Cook said on Tuesday.“It appears we are approaching the most significant reorganization of work in […]

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NY Fed survey: Expected short-term inflation lower in January due to better labor market prospects
Stock Market

NY Fed survey: Expected short-term inflation lower in January due to better labor market prospects

Americans were less concerned in January about the path of inflation and near-term hiring, a report from the Federal Reserve Bank of New York said Monday. As part of its latest Survey of Consumer Expectations, the bank said one-year inflation expectations stood at 3.1% in January, up from 3.4% in December, while three- and five-year […]

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Market pulse: Asian shares stand up when investors are braced for American banengies; Oil stains at question worry – times of India
International

Market pulse: Asian shares stand up when investors are braced for American banengies; Oil stains at question worry – times of India

Representative Image (Picture Credit: AP) Asian shares went up higher on Thursday, while investors in the minds of the American banengies that were expected later in the day, in the hope that it would free the way for interest rate letings by the Federal Reserve. The modest rise in regional shares followed the record on […]

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