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July 22, 2024
MainStreet Macro: The next Fed rate cut might disappoint. Here’s why.
The recent slowdown in inflation has left market watchers more confident that Federal Reserve policymakers will cut interest rates at least once this year. What’s harder to predict is how those rate cuts might affect the economy.
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![Chart using ADP data to show the retail trade hiring (as measured by percent of total new hires) was higher in November 2023 than a year previous.](https://www.adpri.org/wp-content/uploads/2023/12/featured-image.png)
![Chart using ADP data to show the retail trade hiring (as measured by percent of total new hires) was higher in November 2023 than a year previous.](https://www.adpri.org/wp-content/uploads/2023/12/featured-image.png)
![Percentage of workers in the process of leaving by student debt load](https://www.adpri.org/wp-content/uploads/2023/10/Student-loan-story_cover-image.jpg)
![Percentage of workers in the process of leaving by student debt load](https://www.adpri.org/wp-content/uploads/2023/10/Student-loan-story_cover-image.jpg)
November 14, 2023
Employers and student debt
Student loan payments are back. Here’s why employers need to pay attention.
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January 30, 2023
MainStreet Macro: Nela’s Recession Playbook
The biggest economic debate of 2023 is whether the U.S. is heading toward a recession. And the reason it’s being debated is because the data shows evidence for both sides.
In the no-recession camp, the economy grew by 2.9 percent last quarter, besting analysts estimates, and inflation slowed for the second straight month in December. And while we’ve seen big headlines on corporate layoffs, these job losses aren’t yet reflected in the data. Jobless claims for the first three weeks of January were near record lows.
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January 23, 2023
MainStreet Macro: Shaking off the gloom in Davos
The annual World Economic Forum gathering in the mountainside retreat of Davos, Switzerland, is most commonly described with a single word: elite. After attending the meetings last week, I’d like to offer three more words that perhaps more constructively capture the ethos of Davos this year: Optimism, dealmaking, and hope.
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January 17, 2023
MainStreet Macro: Minimum wages are rising. But is it enough?
Last week, data for December showed that the rate of inflation had fallen to 6.5 percent from 7.1 percent a year earlier. The decline was driven mainly by a steep drop in gas prices.
While overall inflation might (thankfully) be losing steam, workers, especially those with smaller paychecks, continue to suffer an erosion of the pay gains they reaped during 2022’s tight labor market.
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