UK unemployment rose more than expected, further evidence of a cooling jobs market https://t.co/HPBuYQB7Ek ...

Federal jobs have long been a lifeline for the black middle class. But as the government shutdown drags on, that lifeline may be unraveling. >> When I was terminated, I was devastated.>> Denise Joseph was terminated after nearly a decade at the Department of Education. She thought her job was secure. But just one day after the inauguration, >> I got the email stating that I was put on admin leave.I thought it was a joke. She along with these two other former federal government employees are now turning to o ...

Does the economy only work if you feel good about stocks. That's one of the lead stories in the Wall Street Journal today that left me thinking. Consider this.Gains in 30 top AI stocks alone have added $5 trillion to household wealth across the country in the last year. According to a recent JP Morgan analysis, Federal Reserve data shows Americans gained more than $63 trillion in wealth from the first quarter of 2020 through the second quarter of 2025. art.We've been, you know, this is something that I've r ...

RT Evelina Hahne (@EvelinaHahne)Swedish proposal: Unemployed (mostly immigrants) are offered jobs in northern Sweden to pick berries. Immigrant Jafar responds:- Stop treating us like ratsThey think they are too "good" to pick berries and want to continue receiving taxpayers' money without doing anything. https://t.co/UKF4Bp99OT ...

The Bank of England used its regular business survey to warn that UK Chancellor of the Exchequer Rachel Reeves will unveil her budget against a grim backdrop of weak business investment, rising unemployment and slowing growth https://t.co/mNIqkq8N3t ...

Group 1: Federal Reserve Insights - US Treasury yields increased, with the benchmark 10-year yield reaching 4.10% [1] - Internal divisions within the Fed are evident, with differing views on rate cuts and inflation concerns among key officials [1] - Fed cut the Federal funds target rate by 25 basis points to a range of 3.75% – 4.00%, characterized as a 'hawkish cut' [2] Group 2: Economic Indicators - US manufacturing contracted in October, with ISM manufacturing PMI falling to 48.7 from 49.1 in September [3] - Price pressures in manufacturing eased to 58.0 from 61.9, while the employment component rose to 46.0 from 45.3 [3] - Anticipation of mixed signals in upcoming ISM services PMI data, which could impact market reactions [3] Group 3: Reserve Bank of Australia (RBA) Update - RBA decided to maintain the cash rate at 3.60%, with minimal market surprise following stronger-than-expected CPI inflation [4] - RBA's projections indicate inflation will remain above the target band until mid-2026, despite rising unemployment [5] - Only one rate reduction is anticipated in the coming year, reflecting conflicting economic signals [5]

Core Insights - The Federal Reserve (Fed) is experiencing significant internal divisions regarding its approach to inflation and unemployment, which could impact future monetary policy decisions [2][4][6] - There is a belief that the economy is on the verge of a productivity surge, which could justify continued rate cuts by the Fed [4][5][6] - Inflation is expected to stabilize around 2.5% to 3%, which is considered acceptable as long as it remains stable [6] Federal Reserve's Monetary Policy - Major divisions within the Federal Open Market Committee (FOMC) revolve around prioritizing inflation concerns versus unemployment issues [2] - Different perspectives exist on how to respond to economic uncertainty, with some advocating for a pause in rate changes while others support continued cuts [3][4] - The Fed's decision to halt quantitative tightening (QT) as of December 1 is seen as a necessary step in response to tight financial conditions [9][10] Economic Indicators - There is a decoupling of growth from employment, influenced by factors such as artificial intelligence and changing corporate behaviors [5] - Both supply and demand elements are affecting the labor market, indicating a complex economic landscape [5] - The repo market activity suggests tight financial conditions, but it is not expected to lead to systemic risks [9] Cryptocurrency Market Insights - The cryptocurrency market is characterized by a growing institutional investor base, although speculative "tourist" investors still dominate [7][8] - The structural differences between the crypto and gold markets are highlighted, with gold showing more stability compared to the volatility in crypto [7]

Morning. Want to talk about the Fed rates and so much more with Muhammad Ali. He of course a professor at the University of Pennsylvania's Warden School of Business, chief economic adviser at Aliance and so much more.Friend of Squack. Um we haven't had a chance to talk Muhammad since we heard from Jay Powell last week. I think as openly as we've ever heard him really talk about dissension on the board of the Fed in terms of what comes next.And I'm curious what you know what your perspective was coming out o ...

This is a story about preparing for the worst. Maybe the worst thing any of us can imagine. A year ago, we talked with computer scientist Jeffrey Hinton just days after he won the Nobel Prize for his work in machine learning.The so-called godfather of AI has been busy since then. Not developing artificial intelligence, but warning people about it. He says we've all become more aware of the risks, but knowing about them isn't enough.We need to act. Mhm. >> Suppose that some telescope had seen an alien invasi ...

Labor Market Impact - Federal government efficiencies reduction led to thousands of federal job eliminations [3] - Black unemployment rose 1.5 percentage points from February to August, exceeding other demographic groups [3] - Late career transitions can mean lost pensions, reduced earnings, and potentially delayed retirement [8] Government and Policy Response - Representative Ayanna Presley is calling on Federal Reserve Chair Jerome Powell to act, urging the Fed to use all available tools to uphold its mandate of maximum employment [4][5] Workforce Demographics and Challenges - Black workers have long dominated the federal workforce, with nearly one in five federal workers identifying as black or African-American last November [2] - Public sector jobs offer better benefits packages, better retirement packages, and more stable employment compared to the private sector [7] - Disruption of livelihoods and lives is palpable and feels personal to black professionals [5]