People walk by a Help Wanted sign in the Queens borough of New York City on June 04, 2021 in New York City.Spencer Platt/Getty Images The labor market is about to put inflation on a "rollercoaster," according to BlackRock strategists. That's because rising wages can stoke inflation, which raises the risk of rebounding prices. "We believe this structural labor shock is poised to take over as the driver of inflation as the pandemic-driven spending mismatch unwinds." The labor market is bound to set inflation on a "rollercoaster," which will weigh on stocks and the economy, according to BlackRock.The world's largest asset manager rang the alarm on a structural shift in the labor market, with the pandemic job recovery masking weak growth over the past few years.
Similar Stories to The Labor Market Will Set Inflation On A 'rollercoaster' That Will Weigh On Stocks And The Economy, Blackrock Says on Bing News
jsor@insider.com (Jennifer Sor), Business Insider
Mon, 08/14/2023 - 8:07am
Topics: help wanted queens spencer platt/getty images wall street business insider new york city june blackrock july labor market weigh on stocks stocks and the economy set inflation on a rollercoaster strategists spending structural recession mismatch wages workers shock warned unwinds rising risk corporate raises year pandemic-driven job poised wage higher rates driver pressures
BING NEWS:
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Despite mixed inflation reports for September, one scenario facing investors in the fourth quarter is upside risks to inflation that could push Treasury yields higher and weigh on equities, said ...
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Stock investors weren't catching much of a break as of Tuesday morning from falling oil prices and Treasury yields. All three major U.S. stock indexes were trading lower, even though [crude prices]( ...
10/15/2024 - 3:46 am | View Link - More
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