Update

Update 777: April Jobs Data; Week’s Key Hill Hearing

Update 777 — 175,000 Jobs Added in AprilLabor Market Data; Week’s Key Hill Hearings On Wednesday, Fed Chair Powell made clear that long-elevated interest rates would remain in place, perhaps well into autumn, until either price or labor market data showed a retreat. This morning’s jobs report showing the economy added 175,000 jobs in April …

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Status of the Supplemental

Update 773  — Supplemental’s Status, Roundup of Week’s Other Developments It isn’t the express train but the long-lingering local that the $95 billion international assistance package, originally requested by the administration over six months ago, is riding en route to the finish line in Congress. Once enacted, the White House will sign and herald most …

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Major Student Debt Relief Redux

Update 771  — CPI Hotter Than Expected;March Report Dampens Rate Cut Outlook Following this week’s CPI report for March, observers ranging from President Biden to Fed Governors to market participants agree that the trends in stubbornly elevated prices thus far this year point to a reduced likelihood of a Fed pivot to interest rate cuts …

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Impact of Organized Labor

Update 766 – Impact of Organized Labor On Wages, Conditions, Markets, Politics For several years now, we have seen a labor market so “tight” that job opportunities have outnumbered workers available to fill them, with big gains in wages as demand outstrips supply.  Within that market is organized labor, which has seen, or led, much of …

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FY24’s Bell Lap at Last

Update 765 — FY24’s Bell Lap at LastDOJ vs Apple; Bank Merger Rules; NAR Congress is poised to pass the six remaining appropriations bills for FY24 almost halfway through the current fiscal year. Though disagreements between Speaker Johnson and the White House endangered the package in its final stages of negotiation, Democrats have emerged from …

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