Investors having been putting money into private credit since the 2008 financial crisis. With time, the problems with those investments are starting to show.
Until the start of the Iran war, most central banks were comfortable holding interest rates steady, or even cutting them. But things are different now.
Production, new orders, imports and exports all increased, according to the latest Purchasing Managers Report from ISM. But according to the Labor Department, the economy has shed 66,000 manufacturing jobs over the past year.
In the April jobs report, inflation outstripped wage growth for the first time in three years. When the May jobs report comes out on Friday, we'll find out if that's a trend.
According to fresh data from Indeed’s Hiring Lab, hourly wages went up 1.7% in the past year. And salaried wages went up 2.9%. Neither is keeping pace with inflation.