29 Jan 2026 8:25 am
Those job numbers didn't seem to bother Powell.Blackvegetable » 29 Jan 2026, 8:31 am » wrote: ↑ Stop....please...
Zero net payroll gains in 7 months.
Historically this has been considered a negative indicator...
But in the Age of Less is More....
Chair Jerome Powell said at a news conference after the central bank announced its decision that the economy's outlook "has clearly improved since the last meeting" in December, a development that he noted should boost hiring over time. The Fed also said in a statement that there were signs the job market is stabilizing.
WATCH: Powell holds news conference after Federal Reserve leaves interest rate unchanged | PBS News https://share.google/wqSzJAuPZh4TSHIUM
There is also this possibility:
Good news! The massive investment into AI has made American households on average significantly wealthier, and will continue to do so for years (if not the next decade). Bad news? The gains will only reinforce the K-shaped economy in the medium term; any improvement in the fortunes of medium to low earners is some way off.
AI has delivered more than a 7% uplift in household wealth for U.S. consumers, Oxford Economics CEO Innes McFee told the company’s Global Economic Outlook conference in London this week. However, this “powerful boost” has mostly landed in the pockets of high-income Americans. The “wealth effect” created by the blockbuster spending in AI (households feeling wealthier because the value of their assets is increasing, and thus increasing their spending) will reinforce the K-shaped economy, likely until 2035, McFee later told Fortune in an exclusive interview.
The K-shaped economy is a phenomenon in which the fortunes of the wealthy track steadily higher, while those on the lower end of the income spectrum gradually sink.
Read "Get used to the K-shaped economy. It’s likely here until 2035, thanks to AI’s outsized benefit for the wealthy" on SmartNews: https://l.smartnews.com/p-73Vau3Ru/Qro4iJ