Reported about 1 month ago
The Yahoo Finance podcast discusses how a robust job market has contributed to ongoing stock market stability in 2024. Strategist Callie Cox highlights the unprecedented low unemployment rates and strong wage growth, suggesting that these factors have helped maintain affordability despite inflation. She emphasizes the importance of understanding that stable prices can lead to higher, more manageable costs when wages are also increasing, while cautioning against deflation as a potential indicator of economic trouble.
Source: YAHOO