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Beware of ‘seismic shocks’ to the US economy and inflation if this specific election outcome occurs, according to a top mind at Bloomberg Economics

By Leading strategists generally agree that trying to trade around the election is a mistake.But one chief economist says there’s a notable exception if a certain result plays out.Here’s which candidate’s policies could harm the US economy, according to Tom Orlik. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…

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More Americans file for unemployment benefits last week, but layoffs remain historically low

The number of Americans applying for unemployment benefits rose modestly last week but remains at healthy levels. The number of Americans applying for unemployment benefits rose modestly last week but remains at healthy levels.The Labor Department reported Thursday that applications for jobless claims rose by 6,000 to 225,000 for the week of Sept. 28. It…

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Yale’s Stephen Roach: Markets are in danger of being ‘whipsawed’ by Middle East conflict, U.S. unemployment

“We are likely to see significant increases in volatility and markets that really are whipped back and forth dramatically,” Roach told CNBC’s “Squawk Box Asia.” … “We are likely to see significant increases in volatility and markets that really are whipped back and forth dramatically,” Roach told CNBC’s “Squawk Box Asia.” … See the entire…

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