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Former Chairman of the council of economic advisors Kevin Hassett discusses the tech-led selloff, the chances of a recession and the Fed's delayed response to inflation.
Nonfarm business sector labor productivity decreased 7.5%in 1Q - the largest drop since 3Q of 1947 when it fell 11.7%.
Bureau of Labor Statistics reported today, as output decreased 2.4 percent and hours worked increased 5.5 percent.
The Fitz-Gerald Group chief investment officer Keith Fitz-Gerald discusses the market selloff as the Dow falls 1,000 points.
The average price for a gallon of gasoline in the U.S. rose on Thursday to $4.247, according to the latest numbers from AAA. The price on Wednesday was $4.226. The record high was $4.33, set on Friday March 11, 2022.
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