has been raising interest rates at the most aggressive pace since the 1980s in a bid to fight inflation. Policymakers have already approved six straight rate hikes, putting the federal funds rate into a range of 3.75% to 4% from near zero in March.Although officials are expected to approve a slightly smaller, 50-basis-point increase at their December meeting, they have also signaled an appetite for a higher peak interest rate.
But with inflation remaining persistently high, economists widely expect the Fed to trigger a recession with higher interest rates, which could force consumers and ultimately businesses to pull back on spending.and Deutsche Bank are among the major Wall Street firms forecasting a downturn next year, although they remain uncertain about its severity.
yup
after covid lock down, of 10 million job loss 2020... you worry about 2 million 🤣🤣🤣🤣🤣😂😂😂😂😂😂🤩
Then why does the fed keep raising rates. They say they need more unemployment to curb inflation. Don’t need more rate hikes.
Well is that accountable for Government jobs ? Government workers of lower sectors are considerably unemployed . Government does not provide jobs🤔
We are and have been in a recession for a year now haven’t we?
LetsGoBrandon 💩
We know you’re hoping 🤞 🙄
Biden has done everything possible to destroy the economy.
Come Hollywood. Tell everyone how great your socialist communist BS is. Your president is the worse ever
TheDemocrats will use the opportunity, use some sort of emergency order, AND ABUSE POWER ONCE AGAIN
We’re already in a recession. I assume this go around, it will be white collar workers losing jobs
Wishful thinking. It will be much worse
I’m confused-the Biden administration claims that we have the strongest economy ever and last month had record job growth. Gas prices have come down too, although I’m still paying $1.75 more per gallon than under Trump. Someone is lying
You saw the Red Wave collapse! Now comes the Blue Wave to hit you in your pocketbook! It’s Recession! 💙 Bigger and Better!
Thank Joe!
Looks very much like FINRA/OTC worked with hedge funds to steal Billions of dollars. SenRonJohnson GovEvers JudgeJeanine greggutfeld fbsmallbiz FinraFraud FinraStoleChristmas $MMTLP $MMAT
But Joe says he’s creating jobs?