Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances. The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday.
By comparison, the Fed expects the unemployment rate to hit 4.4% next year. The US central bank is raising interest rates at the fastest pace in at least four decades in a bid to cool inflation. Fed officials have made clear they are in no rush to shift out of inflation-fighting mode to save the economy from a slowdown or even a recession. “They’ll accept some weakness in labor markets in order to bring inflation down,” Gapen said.
CNN: when you're still holding onto a dying business model, so you turn a 'news segment' into an obvious commercial to raise money.
mybodymychoice can sit down with the re word of killing babies. 'Reproductive Rights' Joe Biden mandated I get a vaccine. I didn't. Stay the fuck away from me. :) My BODY My F'ing Choice. People where removed from their jobs due to Joe Biden mandate. Vaccine made YOU?
Most economists worth their salt have been saying 2023 will be worse than 2022 (regarding the economy).
Transitory
The Bank of America is a Chinese owned bank. I don’t really care what they say.
Raising interest rates will cause pain and suffering among Americans that are least able to weather the storm! Unfortunately, in a powerful and vibrant economy as ours, we don’t have other measures with less disastrous effects on the poor!
StopHazaraGenocide
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