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Offline mystery-ak

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Jobless claims fall a day after Fed hikes rates again
« on: March 23, 2023, 02:03:32 pm »
Jobless claims fall a day after Fed hikes rates again
Zachary Halaschak


The number of new applications for unemployment benefits unexpectedly dropped by 1,000 to 191,000 last week, the Labor Department reported Thursday.

Falling jobless claims are a sign the labor market is resilient despite the Federal Reserve’s historic effort to tighten monetary policy to slow economywide spending and drive down inflation.

The weekly jobless claims number has been closely watched over the past year, given the Fed has been hiking aggressively. The new numbers come a day after the central bank announced it would increase its interest rate target by a quarter of a percentage point.

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https://www.washingtonexaminer.com/policy/economy/jobless-claims-fall-a-day-after-fed-hikes-rates-again
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Offline LMAO

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Re: Jobless claims fall a day after Fed hikes rates again
« Reply #1 on: March 23, 2023, 02:12:01 pm »
The labor shortage is real. We have open positions at the hospital for doctors, RNs, nursing assistance, dining room help, you name it. We have two positions on our floor and we have no applicants.

And there’s only so high you can raise wages and benefits, to attract people. Meanwhile, on my way to work, there’s no shortage of panhandlers in the city of Duluth.
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Offline catfish1957

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Re: Jobless claims fall a day after Fed hikes rates again
« Reply #2 on: March 23, 2023, 05:01:18 pm »
Quietly the price of gold has reached $2000/oz.

Move along....nothing to see here.   :whistle:
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Offline Wingnut

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Re: Jobless claims fall a day after Fed hikes rates again
« Reply #3 on: March 23, 2023, 05:03:02 pm »
Next week, more bank failures.
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Offline catfish1957

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Re: Jobless claims fall a day after Fed hikes rates again
« Reply #4 on: March 23, 2023, 05:08:59 pm »
Quote from: Wingnut on March 23, 2023, 05:03:02 pm
Next week, more bank failures.

KBE which is an ETF for all the banks in the S&P 500 is at its lowest point today since the Jul '20 COVID crash.

Jerome Powell did more damage of 1 minute of stuttering yesterday than I have ever seen since the '70's from a Fed Chair.

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Offline Wingnut

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Re: Jobless claims fall a day after Fed hikes rates again
« Reply #5 on: March 23, 2023, 05:14:13 pm »
Quote from: catfish1957 on March 23, 2023, 05:08:59 pm
KBE which is an ETF for all the banks in the S&P 500 is at its lowest point today since the Jul '20 COVID crash.

Jerome Powell did more damage of 1 minute of stuttering yesterday than I have ever seen since the '70's from a Fed Chair.

My IRA retirement fund wants reparations from the Fed for forced slavery.  Work for 40 years in chains for freedom... and they keep draggging me back.
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Offline catfish1957

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Re: Jobless claims fall a day after Fed hikes rates again
« Reply #6 on: March 23, 2023, 05:32:44 pm »
Quote from: Wingnut on March 23, 2023, 05:14:13 pm
My IRA retirement fund wants reparations from the Fed for forced slavery.  Work for 40 years in chains for freedom... and they keep draggging me back.

Powell and Yellen are probably looking for escape pods, after what we are going to see in the not too distant future.

His body language and stuttering during the SVB questioning yesterday sank the markets 500 points in a matter of 10 minutes.
This country should have zero confidence in its financial systems right now. We are a currency decoupling or a major international event from this house of cards collapsing.

an you imagine your money being worth 25 cents on the dollar on the world stage.....  overnight. That's not out of realm. 
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