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Strong hiring in services which keeps up inflation. Fed has to cause a recession to reach services. Hikes already affected goods but doesnt affect services. Recession slows down services spending. But snowball effect will cause an unemployment crisis & deep recession. AI lurking
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Live news: Chip shortage eats into Ford earnings\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Actually the “cost” of business made Ford lose money. They had premium profit margin in truck & suv sales, however massive expense line of “service, recall and new trucks getting broken, warranty claims” costing them tremendously. Quality compromise and greet hurt them!
Source: FT - 🏆 113. / 51 Read more »