Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering effects of tariffs and rising risks for both unemployment and inflation. We’re Likely On The ‘Foothills of Stagflation’ On Thursday, in a post on X, Summers highlighted a snippet from his recent online conver ...

Minneapolis Fed President Neel Kashkari said the risk of a jump in unemployment warrants more cuts to support the labor market: Here's your Evening Briefing. https://t.co/3gZy4rP5wd ...

Economic Struggles of Gen Z - Youth unemployment is at 105%, double the national average [1] - About one in three young adults still live at home [1][10] - 70% of Gen Z loses sleep over financial stress [1] - College costs are 42% of income compared to 13% for their grandparents [11] Political Implications - Political figures resonating with Gen Z address economic struggles directly [1][5][6] - Affordability, financial hardship, and the housing crisis are key issues [6][8][9] - Young people voted for Trump because they thought he would fix economic problems [7] - Political leaders need to pay attention to what young people are saying [8] Proposed Solutions and Criticisms - Zoning reform and quality immigration reform are potential solutions [16] - The current president has been criticized for exploding the debt by $4 trillion and reigniting the cost of living crisis [13] - The current president oversaw the most unaffordable housing market in American history [13] - 600,000 people lost around $4 billion on crypto [14]

More youth and young adults are unemployed than at any point in the last 9 years, outside of recession.unusual_whales (@unusual_whales):US unemployment rate for ages 16-24 is 10.5%, per WaPo ...

Unemployment in Argentina fell in the second quarter even as overall economic activity slightly contracted, a reprieve for job seekers and President Javier Milei amid a growing list of setbacks https://t.co/Yo8Ocp5pUO ...

RT Julien Bittel, CFA (@BittelJulien)Wanted to share a few thoughts tonight...This is from the September 11th MIT publication that dropped on @RealVision:For starters, unemployment keeps grinding higher, exactly as our lead indicators and GMI/MIT work flagged back in Q1.That keeps the Fed engaged and is why, as I noted in last week’s video update, the market has started pricing in a higher probability of cuts at the September, October, and December meetings...US unemployment is now at 4.3%, right on the Fed ...

The number of unemployed Canadians receiving government assistance has reached the highest level since February 2022 https://t.co/Z14HIBsCQl ...

Group 1 - Treasury yields are increasing as investors adjust their growth and inflation expectations following a quarter-point interest-rate cut by the Federal Reserve [1][2] - The Federal Reserve has raised its GDP growth estimates for this year and next, with stronger growth anticipated in 2027, while also slightly lowering its unemployment forecast [2] - Fed officials indicated the possibility of two additional quarter-point rate cuts by the end of the year and another reduction in 2026, highlighting concerns over softer job growth despite inflation risks [2]

Economic Policy and Federal Reserve Actions - Senator Elizabeth Warren argues that the Federal Reserve had to cut interest rates to protect American jobs, indicating a weak job market despite inflation concerns [1] - The inflation rate is currently at 2.9%, down from a high of 9% under the Biden administration, but the job market shows signs of weakness with unemployment at 4.3% [1] - Consumer debt has increased by $4 trillion over the past six years, indicating that many families are struggling to make ends meet without borrowing [1] Impact of Tariffs and Healthcare Costs - The Trump administration's tariffs are driving up costs for American families, contributing to rising prices in groceries, utilities, and real estate [2][3] - The Republicans have cut healthcare access for 15 million Americans, which is expected to increase costs for those with health insurance as well [3] Economic Disparities - There is a growing divide in the economy, with significant gains for Wall Street and the wealthy, while many Americans are facing increased financial burdens [1] - The current economic policies are criticized for benefiting a small number of billionaires at the expense of the broader population [4]

The Federal Reserve announced its first interest rate cut of the year yesterday after the central bank's highly anticipated two-day September policy meeting. The Fed lowered its benchmark rate by a quarter of a percentage point to a range of 4 to 4.25%. The 12 member board voted 11 to1 to cut rates and signal two more cuts are expected before the end of the year.Trump's newly appointed Fed Governor, Steven Myron, was the only dissenting vote. He was in favor of a larger halfpoint cut instead. Steve Ratner, ...