Job market elasticity is ‘debate among economists now:’ Strategist

Questions on the elasticity of the labor market have arisen among economists in the aftermath of Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium last Friday.

The S&P 500 and Nasdaq reached all-time highs after Powell announced that the Fed’s substantial further progress test for inflation had been satisfied. But economists have been mixed in their forecasts of how the market, and particularly the labor market, will perform in the coming months.

“I think the debate among economists now is ‘How elastic is that job market?’” Kathy Jones, Charles Schwab’s (SCHW) Chief Fixed Income Strategist said in

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Wedding loans among youth see 11% rise during the second wave: report

NEW DELHI: Demand for wedding loans was the highest among all categories at 33% during the second wave of the covid-19 pandemic compared with 22% during the first wave, according to a study conducted by IndiaLends, a digital lending platform, among the people aged between 20-35 years.

According to the digital lending platform, this surge in applications for wedding loans was due to a year-long delay in their wedding plans brought about by the pandemic.

Likewise, business loans too saw an increase from 16% to 23% during the second wave. Notably, loans for household purposes saw a dip from 40%

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