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While some economic indicators are bad already, the real issue is core inflation not giving up. The Fed has already signaled it will keep hiking rates until th
by pid-1 4y ago
While some economic indicators are bad already, the real issue is core inflation not giving up.
The Fed has already signaled it will keep hiking rates until the economy slows down and inflation is controlled. As an entrepreneur/CFO, would you bet against the Fed?
- ac29 4y ago> While some economic indicators are bad already, the real issue is core inflation not giving up. Inflation was negative last month. Core CPI was above zero, though (0.3%). https://www.bls.gov/cpi/latest-numbers.htm https://www.bls.gov/cpi/latest-numbers.htm
- landswipe 4y agoThis might have a measurable effect though, basically 200K+ workers kicked out of the industry, and the fear of a second round for the remaining workers. That is a some serious belt-tightening there. If it feeds into other less progressive industries, it might well help (which I suspect is the whole impetus behind it, at least the coordination suggests so).