Brian Scheid

The number of Americans out of work for 27 weeks or more jumped to the highest level since 2021, as hiring slows and new workers struggle to find jobs.

The S&P 500 hit a dozen record highs since late June, but experts warn the market bubble could burst soon.

With three Fed meetings remaining this year, the case for an unchanged federal funds rate in 2025 is growing stronger.

Companies remain

Similar to bond vigilantes of the 1970s, major market players could boost selling equities to compel President Donald Trump to back off harshest tariffs.

The US dollar index has tumbled nearly 11% since the start of the year. The greenback now sits at its lowest levels since February 2022 and stands to weaken further, according to currency strategists.

Consumer spending fell $29.3 billion in May from a month earlier.

Institutional investors sold a net $50.78 billion worth of stocks throughout May, according to S&P Global Market Intelligence data.

The rate of layoffs and discharges has remained near 1% for four years. Hiring is likewise near its lowest levels in years.

Questions about policy may be influencing the market more than specifics about the tariffs themselves, economists and investment analysts said.