Tag: Mike Fratantoni

#MBACREF23: Ferguson Sees Mild(er) Recession Ahead

SAN DIEGO–Economist, corporate executive and former Federal Reserve Vice Chairman Roger Ferguson thinks any possible recession this year will likely be short and shallow.

| By msorhan

#MBACREF23: Ferguson Sees Mild(er) Recession Ahead

SAN DIEGO–Economist, corporate executive and former Federal Reserve Vice Chairman Roger Ferguson thinks any possible recession this year will likely be short and shallow.

| By msorhan

MBA Advocacy Update Feb. 6 2023

On Wednesday, President Joe Biden and House Speaker Kevin McCarthy (R-CA) began face-to-face debt ceiling discussions, with the latter expressing cautious optimism that the two sides can come to a deal to avoid the first-ever default on the nation’s debt obligations.

| By MBA NewsLink Staff

January Jobs Report Smashes Expectations

The labor market defied expectations of even the most skeptical forecasts in January, adding a remarkable 517,000 jobs, the Bureau of Labor Statistics reported Friday.

| By Mike Sorohan

Initial Claims Fall to 9-Month Low

In the third of four major jobs reports this week, initial claims for unemployment insurance fell to their lowest level since last April, the Labor Department reported Thursday.

| By MBA NewsLink Staff

Fed Raises Funds Rate 25 Basis Points

The Federal Open Market Committee telegraphed its intentions weeks ago; on Wednesday, to no one’s surprise, it raised the federal funds rate by 25 basis points.

| By Mike Sorohan

January Employment Data Mixed

The first two of four major employment reports this week offered a mixed bag of data, reflecting the current volatility in the U.S. jobs market.

| By Mike Sorohan