A string of robust U.S. economic data eased concerns that the Federal Reserve may be cutting rates aggressively to curb any slowdown.
Weekly jobless claims fell more than anticipated, signaling a steady labor market, while the
final reading of gross domestic product confirmed that the economy grew 3% in the second quarter
It (the GDP number) just kind of reinforces that strong economic growth backdrop that we have been seeing," said Mike Dickson, head of research at Horizon Investments in Charlotte, North Carolina.
The S&P 500 scored a record closing high and the Dow and Nasdaq rose on Thursday, as Micron Technology (MU.O) shares rallied and a strong U.S. jobless claims report eased labor market concerns.
stocks.apple.com
I just don't get headlines like this
Consumers’ view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions
Is it the election? I bet it is.
the biggest fall coming among those aged 35-54 and earning less than $50,000
They need to stop listening to Republicans who for 4 years have been predicting a recession that never came.
I understand why it happened when inflation was rising during the pandemic but why now?
Respondents’ concerns focused mostly on jobs and inflation.
They're all working and inflation is going down.
“The proportion of consumers anticipating a recession over the next 12 months remained low but there was a slight uptick in the percentage of consumers believing the economy was already in recession,” Again, stop listening to FOX
The survey comes less than a week after the Federal Reserve voted to lower benchmark interest rates by a half percentage point, citing a more favorable outlook for inflation and worries over a potentially softening labor market. It was the first rate cut in four years and double the traditional quarter-point reduction.
The survey, though, was conducted through Sept. 17, the day before the Fed approved the rate cut.
