Nela Richardson

Nela Richardson, the chief economist at ADP, dives into the current complexities of trade policies and the ongoing tariffs that differ from those introduced during Trump's first term. She highlights the labor dynamics in Utah County, known for its youthful workforce, contrasting it with older regions like Cumberland County. The discussion also navigates the vibrant entrepreneurial spirit in Utah County, revealing how evolving demographics shape local economic opportunities, all while encouraging innovative strategies for resilience amid economic uncertainty.

Neela Richardson, the chief economist at ADP, shares her insights on economic trends following her visit to businesses in Utah County. She reveals that recent price increases are modest, suggesting tariffs haven't affected consumers significantly yet. The discussion highlights troubling retail job losses and the evolving landscape of truss manufacturing, where automation is reshaping labor needs. Additionally, Neela explores how local entrepreneurial spirit shapes economic resilience in Utah, particularly in the face of potential tariffs.

Nela Richardson, ADP's chief economist, joins host Kai Ryssdal to explore the booming labor market in Provo, Utah. They discuss how the area's youthful population and strong LDS community provide a robust labor force that attracts major employers. The vibrant tech culture, highlighted by companies like Qualtrics, is examined alongside the local business process outsourcing sector's recruitment challenges. Additionally, they touch upon the historical context of U.S. taxation and the implications of China's rare earth export restrictions.

Greg Peters, Co-CIO at PGIM Fixed Income, shares his insights on the bond market, highlighting warning signs and implications of rising yields. Nela Richardson, Chief Economist at ADP, analyzes labor market dynamics, addressing stability amidst technological shifts and demographic changes. They also discuss the interplay between equity and bond markets, the impact of governmental policies, and investment strategies tailored to navigate current economic uncertainties. It's a captivating dive into financial trends that could shape the future.

Oksana Aronov, Head of Market Strategy for Alternative Fixed Income at JPMorgan, discusses how market pricing can distort expectations and the risk of low corporate bond spreads. Nela Richardson, Chief Economist at ADP, warns about the fiscal deficit's potential to reignite inflation. Jason Furman, former Obama economic advisor at Harvard, reflects on political interference with the Federal Reserve. They all highlight the complexities of the current economic landscape, offering fresh insights into investment strategies and labor market dynamics.

Lori Calvasina predicts a sluggish economy while Nela Richardson discusses the complexity of the Fed's job. Kevin Book believes there is room for oil to run, and Alan Ruskin anticipates a weaker dollar with a Fed cut. David Lebovitz expects airlines to raise prices. Topics include the impact of rising jet fuel prices, the state of the labor market, the stability of the dollar, and the uncertainty of economic forecasts.

Nela Richardson, Chief Economist at ADP, shares insights on the labor market's strengths and weaknesses, emphasizing how recent inflation data could shape Fed policies. Francisco Blanch, Head of Global Commodities at Bank of America, discusses the implications of tariffs on commodity markets, particularly in light of President Trump's proposals. The conversation explores consumer inflation expectations, economic complexities, and the potential impacts on both equity and bond markets amid ongoing geopolitical tensions.

Nela Richardson, ADP's Chief Economist and ESG Officer, shares valuable insights on the Fed's interest rate decision, emphasizing their wait for upcoming CPI data. She discusses the contrasting signals in the labor market and the high stakes of job loss in today's economy. Tim Adams suggests a more cautious fiscal approach, while Andrew Hollenhorst warns about job prospects. The conversation navigates through economic optimism amidst inflation concerns, reflecting on how policies and market dynamics will shape the future.

Nela Richardson, Chief Economist at ADP, shares insights on the labor market, predicting a clouded October jobs report. Kate Moore, Head of Thematic Strategy at BlackRock, discusses solid but not spectacular revenue growth in Q3. Both guests highlight the cautious investor sentiment ahead of the U.S. elections, as the landscape shows mixed market signals. They also explore the impact of high interest rates on real estate, consumer resilience amid uncertainties, and how China’s economic struggles might affect the U.S. economy.

Sam Stovall predicts a 5% stock market decline, Nela Richardson discusses changing hiring practices, Lydia Boussour and Steven Major analyze global bond markets and economic outlooks. Topics include stock market declines, labor market shifts, retirement planning, tech sector performance, and Federal Reserve rate cuts.