Economic Beat: Financial News

How will current market developments affect you? The thought leaders at Fifth Third Bank can help make sense of it all. Listen to the Economic Beat as they discuss what happened last week and what they expect will be the focus of this week. Click the button below to listen or read the transcript to this week's Economic Beat.

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Past Economic Beats

June 17, 2024

U.S. equities see strong gains

Major U.S. equity indices were mixed last week, with the S&P 500 Index and Nasdaq Composite posting solid weekly gains, while the Dow Jones Industrial Average fell modestly. Fed Chair Jerome Powell referenced progress on inflation per the latest Consumer Price Index (CPI) report but reiterated that officials want to see continued progress before cutting rates.

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June 10, 2024

Labor market fights to stay healthy

On the whole, the U.S. labor market is still healthy, just not as robust as it was just a year ago. The job openings-to-unemployed ratio has dropped to 1.2, from 1.75, from just 12 months prior. This ratio is now back to its pre-pandemic level. So is the rate of people quitting their jobs voluntarily.

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June 3, 2024

Busy week for domestic economy

It was a busy week on the domestic economic front with jobless claims, first quarter GDP, and the Fed’s preferred measure of inflation all being reported. All eyes were on inflation data last Friday as the Federal Reserve’s preferred measure of inflation was released. In the week ahead, the U.S. jobs report on Friday will highlight this week’s economic calendar, as Federal Reserve officials will study the information ahead of their June meeting.

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