US employment data raises expectations for further interest rate hikes, and Summers warns of increased risks of an economic "hard landing"
阿豆学长长ov
发表于 2023-10-13 19:54:07
319
0
0
Biden could not have imagined that the United States' intervention in the Israeli-Palestinian conflict would cause a "big bang" at home. The United States, which is busy meddling in other countries' affairs, has not even dealt with its own problems, which is obviously ironic.
During this period, the United States is still very busy around the world, considering providing military assistance to Ukraine on a regular basis, and holding military exercises with some allies in the South China Sea and the Philippines to deter China. After the outbreak of the Israeli-Palestinian conflict, the United States also acted quickly. The Biden administration expressed support for Israel and immediately mobilized aircraft carriers, warships, and fighter jets to the Middle East to support its allies.
However, the United States, which serves as the "world police" everywhere, can be said to often interfere with external affairs and guide other countries, but its domestic affairs are handled very poorly. As soon as American soldiers arrived in the Mediterranean, a big thunderstorm exploded domestically.
According to a report from Reference News Network, the US Bureau of Labor Statistics released data showing that the number of non farm workers increased by 336000 last month, a significant increase compared to the previous two months.
This data is one of the important criteria for Federal Reserve officials to judge economic acceleration. After a significant increase, it was reported that the possibility of raising interest rates by the end of the year has increased from 48% to 56%. Some Federal Reserve officials are considering whether to raise benchmark profits again.
It is worth noting that in the past, the benchmark interest rate has increased by more than 5 percentage points. Many officials in the Federal Reserve now support raising interest rates again this year, which will cause interest rates to rise again.
Former US Treasury Secretary Summers is pessimistic about this situation. During a program, Summers believed that although the rise in employment may seem good news, it also indicates that interest rate hikes are gradually failing, posing a risk of a hard landing for our economy.
As for why Summers holds this view, there may be the following reasons.
Firstly, according to the general situation, a long-term increase in benchmark interest rates by the Federal Reserve will lead to a decrease in the amount of money available for liquidity in the market, a decrease in investment that businesses can attract, and a higher cost of operations, resulting in cost reduction and layoffs. Therefore, it is reasonable to say that the Fed's interest rate hike should have a negative impact on employment.
However, the current employment data in the United States is exactly the opposite, and it is possible that the interest rate hike measures proposed by Summers may not be as effective as before, which may increase the risk of a US economic recession.
Secondly, the interest rate hike policy of the United States was one of the ways in the past to disrupt the economies of other countries and harvest to fill its own holes. However, at present, if the United States wants to repeat its strategy, it is estimated that it will only swing its whip at itself. The global system of the US dollar is being challenged, and many countries are launching local currency transactions. The United States may find it difficult to reap the benefits of the world's rapid recovery, but it will face major problems due to its huge economic hole.
So, the current situation of the US economy is very severe, but at this time, the White House is still "meddling" everywhere, spreading the show, throwing money and equipment everywhere, and going to other places to show off, undoubtedly feeling a bit "puffed up". Biden probably didn't expect that the "big thunder" in the United States was already a state of irrepressibility.
How the United States will fight the fire, turn the tide of its own economy, and continue to maintain its authority in this world? There are too many problems to face, so let's wait and see the "extreme operation" of the United States.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The United States will allocate $50 million to the Huihe Technology Semiconductor Technology Project
- Another American giant hits a wall in India
- Unexpectedly, the number of job vacancies in the United States has rebounded, and the manufacturing PMI remains sluggish
- During the 11th week, there was an inflow of 5.2 billion US dollars! US investors are investing heavily in Chinese concept ETFs
- Boeing announces 10% layoffs amid multiple risk troubles
- The US Treasury has surged! Tonight: US manufacturing data collapse, oil prices collapse
- Is the US election favorable for the cryptocurrency industry? Ripple CEO: Whoever is elected to the United States will be more supportive of cryptocurrency
- Interview with Wang Wei, CEO of Bank of America China: Bank of America spends $12 billion annually on technology and deploys it with the concept of "responsible growth"
- Is the US election result igniting a new starting point for the bull market? What are the challenges of the new US stock market trend
- Jing Shun: Optimistic about investment opportunities in risky assets
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 8 小时前
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 前天 19:48
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 前天 20:09
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 3 小时前
- 支持
- 反对
- 回复
- 收藏