“Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed.”
UBS said earlier this week that it anticipated a mild recession, as well as significant interest rate cuts next year.
> In other economic news, the Empire State Manufacturing Survey, which gauges conditions in the New York area, posted an unexpected increase of 14 points to 9.1, better than the estimate for a -3 reading. The number represents the percentage of companies seeing expansion against contraction, so any positive number indicates growth.
Good to see that people are going back to work as the government helicopter money dries up. We are still only at 63% labor participation rate though. We need to start cutting welfare and ideally get to an 80% labor participation rate.
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“Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed.”
UBS said earlier this week that it anticipated a mild recession, as well as significant interest rate cuts next year.
> In other economic news, the Empire State Manufacturing Survey, which gauges conditions in the New York area, posted an unexpected increase of 14 points to 9.1, better than the estimate for a -3 reading. The number represents the percentage of companies seeing expansion against contraction, so any positive number indicates growth.
Good to see that people are going back to work as the government helicopter money dries up. We are still only at 63% labor participation rate though. We need to start cutting welfare and ideally get to an 80% labor participation rate.