Fed chair says a labor-market slowdown will be needed to bring inflation back to the central bank’s 2% target
In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected.
From 3% sustained inflation to 9% is not a joke. We will still carry 18% burden. Commodity, Transportation, Housing, Energy is coming down, but Corporate profiting is deeply entrenched. 3.7% unemployment will not. Only a recession will reset the Economy.
Guy8Q Bro have anything to say about US's financial policy? Hawkish or dovish inflation or recession which one is more likely to happen
-whatever happens tomorrow, um ready🤕💪🏾-NFP- 180k loadin'📈
Still ain't gonna matter......u wanna make a difference....u gotta understand we r the money....to them we have no choice so they can make the prices...stop by shit...just what u need... everyone do that they would be paying us to buy there shit..to be them they need us to do it
A 0.5% rate increase is imminent at the Fed's December meeting.
The light they see at the end of the tunnel is train!!
Hyperinflation incoming
So the market is happy the ambulance has arrived - oh, but forgot we needed an ambulance
That's nice...But--is anyone having 'that' discussion w/the WhiteHouse & Treasury Secretary Yellen on the fiscal responsibility of the Executive Branch...Just curious...
wtf? he's making things worse and the wsj is making it sound like this is a good thing
DavidJollyFL Lovely.
Smoke signal? Not the man for the job. He has media watching for interest rate movements. Sb focused on stagflation which remains unacceptably clear and present danger. Maybe sick leave will suffice. Slay it or play w it and pay for it.
F’ Powell.
So, too many americans are working and many more must suffer layoffs and poverty before things can get back to normal? This world is so backwards.