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Rubeela Farooqi: Latest News

All news where Rubeela Farooqi is mentioned

07.10.2022 / 22:32

Another month of solid US hiring suggests more big Fed hikes

File: A "help wanted" sign is displayed in a window in Manhattan on July 28, 2022 in New York City. (Photo by Spencer Platt/Getty Images WASHINGTON - America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.Friday’s government report showed that hiring fell from 315,000 in August to the weakest monthly gain since April 2021.

Spencer Platt Usa city New York Washington city Manhattan economy Government reports

Consumer confidence up slightly but remains near 6-year low

WASHINGTON – “I think the biggest threat will come from another potential closing of the economy,” said Rubeela Farooqi, chief U.S. economist for High Frequency Economics. “I can see confidence levels plummet if we see another lengthy shutdown that results in more permanent job losses. I cannot be sure of the magnitude, but confidence could easily drop if job and income prospects deteriorate further.”U.S. consumer confidence inched up this month, showing signs of stabilizing, but remained near a six-year low in the face of the widespread business shutdowns that have sent the economy into recession.

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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