On today’s Macrocast, Stratton Kirton, partner at Penta, joins John and Brendan of Markets Policy Partners to discuss the latest GDP report, this week’s earning’s numbers, and some of the factors currently impacting the labor market, including immigration and the recent uptick in layoffs. How will these layoffs impact next week’s jump numbers? The group talks about some of the reasons the impact might not be as drastic as some expect.
Changes to some key positions in the Biden Administration are coming, and Stratton, Brendan, and John talk about their implications, especially given the current climate on Capitol Hill. This week was also a notable one for the war in Ukraine. The group talked about the potential economic and geopolitical ramifications of the Biden administration sending Abrams tanks, Russian food shortages, and potential Russian escalation of the war.
Read Penta’s GDP analysis here.
Check back next week for Penta’s jobs report.