From booms to busts: This week’s business headlines had everything. Quick recap here: https://t.co/y7rfXvTaiW
The Wild Week in the American Economy Growth and hiring have clearly taken a hit; the path forward remains murky For months, the economy sent off mixed signals, with employers and consumers expressing anxiety in surveys but underlying economic data generally solid. This past
From the @WSJ article "The Wild Week in the American Economy: Growth and hiring have clearly taken a hit; the path forward remains murky." #economy #markets https://t.co/Tasg8pZLcA
A series of U.S. government releases this week signalled a sharper-than-anticipated slowdown in the economy. Newly published figures showed both overall economic output and consumer spending losing momentum after months of mixed readings that had left the outlook uncertain. The picture darkened further when the latest labor data revealed a markedly weaker pace of hiring, capping what analysts described as the most discouraging run of indicators so far this year. Economists said the combination of softer growth, restrained household demand and faltering job creation raises the risk that the expansion could stall unless conditions improve in the autumn.