The ongoing political conflict in the Middle East has caused oil prices to rise, raising fears of inflation that could damage the US economy. The last time inflation rose suddenly was in 2022, and it forced the Federal Reserve to raise interest rates so quickly S&P 500 (SNPINDEX: ^GSPC) The index fell by more than … Read more
Written by Lucia Mutikani WASHINGTON, April 3 (Reuters) – U.S. job growth may have picked up in March as a health workers’ strike ended and temperatures warmed, but downside risks to the labor market continued to mount due to the ongoing war in the Middle East. The expected return to the pace of last year … Read more
(Bloomberg) — U.S. employment likely rose in March after one of the biggest contractions in wages since the pandemic, extending a series of erratic numbers. Economists estimate 60,000 jobs were added in the month following a decline of 92,000, according to a Bloomberg poll ahead of Friday’s report. The unemployment rate appears stable at 4.4%. … Read more
Goldman Sachs economist Pierfrancesco Mei published a note on March 26 estimating that rising oil prices will reduce US wage growth by about 10,000 jobs per month until the end of 2026. The bank also expects the unemployment rate to rise 0.2 percentage points overall to 4.6% in Q3 2026. Higher oil prices account for … Read more