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Sahm's Rule Inventor Warns Of 'Messy' Economic Data As Fed Treads Easing Cycle Amid Labor Disputes And Hurricane Helene Impact
Friday, October 4, 2024 - 1:51am | 680Renowned economist Claudia Sahm, the inventor of Sahm’s Rule, offered her perspective on the complex economic landscape facing the Federal Reserve. As the central bank navigates through a potential easing cycle, various factors including labor strikes and natural disasters are complicating...
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Jerome Powell's Jackson Hole Speech Praised By Claudia Sahm — Why Is The Sahm's Rule Creator Applauding The Fed Chief
Tuesday, August 27, 2024 - 12:26am | 758Claudia Sahm, the economist behind the Sahm Rule, praised the Chair of the Federal Reserve Jerome Powell‘s speech on X. According to Sahm, Powell emphasized the Fed’s dual mandate and indicated a significant shift in labor market policy. What Happened: Sahm highlighted a notable quote...
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Claudia Sahm Stands By Sahm Rule Amid Criticism From Jerome Powell And Others On Its Economic Significance: 'The Fed Absolutely Should' Have This Conversation
Thursday, August 15, 2024 - 6:40am | 649Economist Claudia Sahm, creator of the eponymous Sahm Rule, has responded to recent criticism of her economic indicator, asserting its importance in discussions about the U.S. labor market and Federal Reserve policy. What Happened: Amid growing debate over the rule’s application and...
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The Sahm Rule, Employment, And Recession Indicators
Thursday, August 8, 2024 - 11:33am | 1861By Lance Roberts Economist Claudia Sahm developed the “Sahm Rule,” which states that the economy is in recession when the unemployment rate’s three-month average is a half percentage point above its 12-month low. As shown, the latest employment report has...
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Claudia Sahm Contradicts Her Own Recession Indicator But Underscores That Elevated Risks Are 'Strengthening' The Case For Fed Rate Cuts
Thursday, August 8, 2024 - 5:54am | 691Claudia Sahm, the economist who developed the Sahm Rule, has stated that the U.S. is not currently in a recession. However, she has warned of an increased risk of recession, advocating for potential interest rate cuts by the Federal Reserve. What Happened: Sahm, in a post on X on Wednesday,...
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Unemployment Flashes Recession Warning Signs: Why Some Experts Say This Time Is Different
Wednesday, August 7, 2024 - 12:08pm | 650The weak July jobs report released on Aug. 2 sent the markets into a sell-off. The SPDR S&P 500 ETF Trust (NYSE:SPY) erased over 5% in a now-rare pullback before regaining ground on Tuesday and Wednesday. While recent unemployment data points to a recession, many experts say this go-around is...
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'I Do Not Think The US Economy Is In Recession:' Sahm Rule Creator Refutes Claims Amid Market Turmoil
Tuesday, August 6, 2024 - 1:04am | 607Claudia Sahm, the economist who invented the Sahm Rule, has contradicted claims of a recession in the U.S. economy. This comes amid mounting fears of a recession due to recent market instability. What Happened: Sahm, who is known for developing the Sahm Rule, a key indicator used to predict the...
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Market Momentum: Your Weekly Financial Forecast
Monday, August 5, 2024 - 10:37am | 7723Originally published at volumeleaders.substack.com Weekly Wrap-Up During the week of July 29 through August 2, 2024, the U.S. financial markets faced a tumultuous period marked by significant volatility and mixed economic signals. Major indices, including the S&P 500, Dow Jones Industrial...
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Fed Chair Jerome Powell's Stance On 'Sahm Rule' Challenged By Recession Indicator's Developer Claudia Sahm: 'Today Was The Day To Start Easing'
Wednesday, July 31, 2024 - 11:43pm | 789Economist Claudia Sahm has challenged the stance of Federal Reserve Chair Jerome Powell on the ‘Sahm Rule’ and has called for immediate action to address inflation. What Happened: Sahm, known for developing the Sahm Rule, which predicts a recession, took to X to express her views. She...
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If Unemployment Rises To 4.2% In July, It Would Trigger This Key Recessionary Indicator
Tuesday, July 30, 2024 - 1:27pm | 533Friday’s Bureau of Labor Statistics July jobs report could indicate whether the U.S. economy is trickling into recessionary territory, according to a closely watched indicator. The Sahm Rule: The Sahm Rule, devised by economist Claudia Sahm, is a heuristic measure used by the Federal...
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Wharton's Jeremy Siegel Implores Jerome Powell To Signal September Rate Cuts: 'We Are In A Slowing Economy'
Friday, July 5, 2024 - 4:54pm | 409June’s Bureau of Labor Statistics jobs report shows unemployment rising, signaling a continued slowing in the U.S. economy. University of Pennsylvania Wharton professor Jeremy Siegel reacted to the data, recommending the Federal Reserve to cut interest rates in response. What Happened:...
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US Close To Recession Warning As June Jobs Report Shows Rising Unemployment
Friday, July 5, 2024 - 12:12pm | 451The United States is close to breaching the threshold for the Federal Reserve’s “Sahm Rule” according to data from the June jobs report. The Data: The Sahm Rule, named for economist Claudia Sahm, is a heuristic measure used by the Federal Reserve to determine whether the U.S....