Hello, and welcome to our live feed on monetary information for Monday, 30 January.
Earlier this month, over 100 firms introduced layoffs, together with main names within the tech sector.
The Bureau of Labor Statistics has reported decreases within the nationwide unemployment charge and inflation for December. Unemployment has reached its lowest degree in current memory however is predicted to extend as the results of Federal Reserve wage hikes take impact. Consumer costs are persevering with to rise however at a slower charge than what was seen in 2022. Over the approaching weeks, the info from January will likely be out there, offering larger insights into the state of the financial system.
The destiny of President Biden’s scholar debt reduction is about to be determined by the Supreme Court subsequent month. Millions have utilized for cancellation of as much as $20,000 of their loans.