5th January 2023

  • Fed Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets

Officials warn against ‘unwarranted’ loosening of conditions

Misperception of reaction function would complicate FOMC’s job

https://blinks.bloomberg.com/news/stories/RNZ9CTT0AFB7

  • US Job Openings Top Forecasts, Keeping Pressure on Fed to Hike

Vacancies edged lower in November but topped all estimates

Ratio of openings to unemployed people is still high at 1.7

https://blinks.bloomberg.com/news/stories/RNYX10DWX2PS

  • Pioneering Yield-Curve Economist Sees US Able to Dodge Recession

Harvey’s work showed link between curve inversion and growth

Strong labor demand, risk avoidance support US economy now

https://blinks.bloomberg.com/news/stories/RNZKT9T0G1KW

  • Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts

Reduction falls heavily on retail and human resources

The cuts were previously thought to affect about 10,000 people

https://blinks.bloomberg.com/news/stories/RNZYZ4T0G1KW

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