Market turmoil and economic decline, before recovery in 2023, says JPM's Kolanovic
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S&P 500 Off Best Level, Back Down 0.3% Ahead of Powell Speech at 1:30 p.m.
November 30, 2022 12:19 PM ESTS&P 500 Off Best Level, Back Down 0.3% Ahead of Powell Speech at 1:30 p.m.
... MoreJP Morgan's Marko Kolanovic Sees Good and Bad News for Risk Assets in 2023
November 30, 2022 11:48 AM ESTJP Morgan's Marko Kolanovic sees good and bad news for risk assets in 2023.
good news is that central banks will likely be forced to pivot and cut interest rates sometime next yearThe bad news is that this will require central banks (primarily the Fed) to... MoreJOLTS Job Openings (Oct) 10.3 M vs 10.25M Expected
November 30, 2022 10:00 AM ESTJOLTS Job Openings (Oct) 10.3 M vs 10.25M Expected
... MorePending Homes Sales (Oct) -4.6% vs -5.7% Expected
November 30, 2022 10:00 AM ESTPending Homes Sales (Oct) -4.6% vs -5.7% Expected
... MoreMNI Chicago PMI (Nov) 37.2 vs 47 Expected
November 30, 2022 9:45 AM ESTMNI Chicago PMI (Nov) 37.2 vs 47 Expected
... MoreTreasury Secretary Janet Yellen plans to remain in position
November 30, 2022 9:23 AM ESTTreasury Secretary Janet Yellen plans to remain in position
... MoreU.S. job openings fall in October; labor market still tight
November 30, 2022 8:48 AM ESTBy Lucia Mutikani
WASHINGTON (Reuters) - U.S. job openings decreased in October, but remained significantly high, pointing to continued labor market resilience despite the Federal Reserve's efforts to cool demand by aggressively raising interest rates.
The tight labor market keeps the Fed on course to continue tightening monetary policy, heightening the risks of a recession next year. Most economists, however, believe any downturn will likely be short and mild because of the unprecedented jobs market strength.
Fed Chair Jerome Powell said on Wednesday the U.S. central bank could scale back the pace of its... More
