Biden ‘flooding’ money into the economy is contributing to inflation: Scott Hodge
Tax Foundation President Emeritus Scott Hodge discusses stocks dropping to session lows and the IRS raising tax brackets on ‘Cavuto: Coast to Coast.’
Here are the key events taking place on Thursday that could impact trading.
ECONOMIC REPORTS UNVEILED: Thursday will be a very busy morning for the release of economic data.
Beginning at 8:30 a.m. ET, two reports of significant importance will be issued, beginning with the Labor Department’s release on the number of new claims for unemployment benefits last week.
It is likely to show that the labor market remains tight. Expectations are for 230,000, up slightly from 228,000 the prior week.
US RECESSION ODDS RISE TO 100% AS INFLATION SQUEEZES THE ECONOMY