5th August 2022

  • Mester Reiterates Fed Resolve to Curb Inflation With Rate Hikes

April-June GDP showed slower, not negative, consumption growth

Cleveland Fed leader says US economy isn’t in a recession

https://blinks.bloomberg.com/news/stories/RG3R6ADWX2PT

  • Labor Hoarding Holds Key to How Severe a US Recession May Get

Economists say employers may be more likely to keep workers

Mississippi furniture-manufacturing hub offers test case

https://blinks.bloomberg.com/news/stories/RFDMF7DWRGG0

  • US Jobless Claims Rise Slightly, Near Highest Since November

Applications climbed to 260,000 last week, matching estimate

Data precede Friday’s monthly jobs report from the government

https://blinks.bloomberg.com/news/stories/RG3D0YDWX2PS

  • Democrats Agree on Revised Tax Bill With Stock Buyback Levy

Last holdout Sinema backs revisions to tax, climate bill

Deal also narrows a proposed 15% minimum tax on corporations

https://blinks.bloomberg.com/news/stories/RG4P2TDWRGG0

CLICK HERE TO READ THE FULL ARTICLE

For more information please contact Rubrics Asset Management. info@rubricsam.com.