Economic Beat: The U.S. economy continues to create new jobs
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.
Economic Beat: August 7, 2023
U.S. stocks declined last week following Fitch’s downgrade of the U.S. credit rating to AA+ from AAA, citing "expected fiscal deterioration" over the next three years. The July employment report showed that the U.S. economy continues to create new jobs, boosting hopes that the Fed may be able to tame inflation without creating a spike in unemployment, otherwise known as a soft landing. Listen to this week’s full Economic Beat update or read the transcript below.