FILE - A help wanted sign is displayed in Deerfield, Ill. The U.S. government will issue the October jobs report on Friday morning.Hourly pay remained brisk rising at 4.7% year over year, matching September.
"The October employment report is more of a mixed bag than we’ve seen recently, consistent with an economy absorbing this year’s interest rate increases, a strong dollar, high inflation, and challenges confronting the global economy," Bankrate senior economic analyst Mark Hamrick said.At Wednesday's Fed meeting,said that in order to tame inflation, the central bank would likely have to raise rates high enough to weaken the job market.
The largest export of the Usa is dollars......inflation. I'm curious will the dollars come home to roost, and crow around 2024 elections?
Pomboy is correct the bls 's cannot be trusted. The feds are counting people with a Regular full time job and gets a 2nd part time job to make ends meet in this Biden 40yr high inflation as a new job...that makes the numbers look better than reality
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Federal Reserve Squeezes Economy Amid Increasing CriticismWith inflation an increasing challenge, it's more likely that the central bank will have to cause a recession to stop it, said Fed Chair Jerome Powell. ...except the data coming to light (and that Republicans are desperate to keep quiet for the next 6 days) shows that more than 50% of the inflation we're seeing today is not supply & demand-based (i.e. too much spending) but is, in fact, pure profit taking by corporate America. If these cooperations don't lower prices even though they have already low contract prices on materials/ goods/shipping years ago just because covid hurt their profits thresholds.Biden doesn't want to do a trump tariffs with other countries remember that did,maybe a recession This is like hiring Jack T. Ripper to investigate and solve a murder.
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Federal Reserve Chief Tells Markets to Focus on Interest-Rate EndpointFed Chairman Powell told markets to stop obsessing over the pace of rate increases and to focus on the “terminal rate.” But he didn’t say what the terminal rate will be. If the terminal rate is 7% the market is gonna have a bad time. Yeah … that’s a problem👇 Terminal Rate will have to go above the rate of inflation as always.
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