That has translated into sustained demand, which in turn produced a January jobs report that showed 517,000 jobs added — the most since July. And while gross domestic product has also most likely peaked in the post-pandemic period, it remains firmly in positive territory,"By most objective measures, consumers are still doing fine," said Preston Caldwell, a senior U.S. economist at Morningstar, a financial services company."And they're spending as if they're in good shape.
“The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,”“We have covered a lot of ground, and the full effects of our tightening so far are yet to be felt,” Powell said of the"There is little sign of disinflation," he added, referring to a substantial reversal of higher prices.
"We still haven’t seen the full effects of the Fed's tightening," said Sarah House, a senior economist at Wells Fargo."As financing becomes more expensive, there's going to be weaker demand for big-ticket consumer items. And as we see overall spending weaken, profits are going to be squeezed.
It's always been
'Biden's America'. That's how Democrats said this works, right?
But PressSec said it was all transitory & that their “plan” is working. Surely they aren’t lying! 🙄 If only there was a way to *press* them on the issue & call out their BS…
Let’s go Brandon
I got a 4% raise in January that was wiped out 2 months later by a 17% increase in daycare costs for our 2 year old. Wages are up, but not as much as cost of living.
Everytime minimum wage increases inflation skyrockets. The system is rigged against the workers of America.
Thanks Joe Biden! Most incompetent, corrupt regime ever!