A recent survey reveals that 82% of workers who requested a raise in the past year received one, with 66% of full-time employees getting a raise regardless of whether they asked. Most raises were modest, with 51% receiving less than $5,000, while 65% are optimistic about future increases. The report highlights a disparity in asking rates between genders and emphasizes the importance of performance and promotions in securing pay raises.
As the election approaches, concerns about inflation and bond market volatility intensify, particularly regarding Donald Trump's potential return to the presidency. Analysts warn that his policies could lead to higher inflation and fiscal deficits, with the possibility of a global trade war exacerbating economic instability. Meanwhile, the Federal Reserve's rate cuts may not sufficiently counteract rising long-term inflation expectations, prompting fears of a resurgence of "bond vigilantes" demanding higher yields.
Days before the US election, consumer confidence has surged to its highest level since March 2021, with a notable increase in optimism about the economy and stock market. The proportion of consumers expecting a recession has dropped significantly, while 51.4% anticipate rising stock prices, marking the most positive outlook since 1987.
Consumer confidence surged over 11% in October, reaching a reading of 138, as optimism about the U.S. economy grew ahead of the presidential election. This increase contrasts with a report showing job openings fell to 7.44 million, the lowest since January 2021, despite a rise in hires by 123,000.
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