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#economics

1.5K posts295 participants138 posts today
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MicroWave

Unemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed survey shows

lemmy.world/post/28249829

lemmy.worldUnemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed survey shows - Lemmy.WorldKEY POINTS - Consumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March, according to a New York Fed survey. - The probability that the unemployment rate would be higher a year from now surged to 44%, up 4.6 percentage points and the highest level going back to the early Covid pandemic days of April 2020. - The expectation that the market will be higher a year from low slid to 33.8%, a decline of 3.2 percentage points to the lowest reading going back to June 2022.
#economics
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unusual_whales

BREAKING: The U.S. Commerce Department is conducting a national security investigation into imports of semiconductor technology and related downstream product, per CNBC.

As part of the probe, the Commerce Department will investigate the “feasibility of increasing domestic

#news#finance#economics
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