Investors trying to navigate this year s relentless interest rate rises have more reasons to play it safe, after a pessimistic message from the U.S. Federal Reserve clouded the outlook for asset prices.
The benchmark interest rate was raised three-quarters of a point for the fourth straight time, but the Fed noted that rate hikes take time to fully affect growth and inflation.
losses. ivan annual jobs growth chart. amazing. shows 3.5 million jobs, monster job creation in the past couple years in and itself inflationary. bank of america and others say that number will slow dramatically, because of the fed s huge interest rate increases and you ll see the jobless rate rise to 5.5%. at 3.5% right now. very, very low. the fed s only target for jobless rate is 4.4%. bank of america saying job loss associated with the fed hike interest rates. interesting, bofa or faa. everyone is calling for joblessness to increase. so for you at home, maybe it s not your job on the chopping block, but that does mean the labor market is probably going to be changing. right? this time when we had two open jobs for every one person looking will be changing. maybe harder to get a raise.