RATE RIOT: Fed rate hikes could lead to at least 1M job losses, analysis shows
, according to calculations from RSM chief economist Joe Brusuelas. If the unemployment rate hits 4.6%, that would mean that at least 1.7 million Americans lose their jobs.
The Fed's projections, known as the dot plot, show that a handful of the 16 Fed officials believe the most aggressive tightening in decades will actually force unemployment even higher, with the jobless rate eventually hitting 5%.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Fed's Mester says inflation is going to remain hard to predictThe Cleveland Fed president said the Fed hasn't done a very good job of predicting inflation, and it is going to remain challenging.
Lire la suite »
Biden urges companies to lower costs for consumersU.S. President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping with inflation.
Lire la suite »
Fed’s Evans says he’s getting a little nervous about going too far, too fast with rate hikesThe Fed's Charles Evans said he remains 'cautiously optimistic' that the U.S. economy can avoid a recession provided there are no further external shocks.
Lire la suite »
Russia’s War in Ukraine to Cost Global Economy $2.8 Trillion, OECD SaysRussia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost output by the end of next year, the Organization for Economic Cooperation and Development said.
Lire la suite »
Inflation Is Here to Stay Despite Rising Interest Rates, Asian Business Leaders WarnA number of structural changes in the global economy could keep driving up costs, such as deglobalization, decarbonization and U.S.-China tensions.
Lire la suite »