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
320
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
-
11月21日、2024世界インターネット大会烏鎮サミットで、創業者、CEOの周源氏が大会デジタル教育フォーラムとインターネット企業家フォーラムでそれぞれ講演、発言したことを知っている。周源氏によると、デジタル教 ...
- 不正经的工程师
- 昨天 16:36
- 支持
- 反对
- 回复
- 收藏
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 前天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 前天 14:29
- 支持
- 反对
- 回复
- 收藏