The Fed’s fight against inflation could cost 1.2 million US jobs

Minneapolis CNN Business – In its efforts to lower historical inflation and cool the economy, the Federal Reserve has used Multiple euphemisms To describe the potential impact on Americans’ jobs, from Economical ‘pain’ To the “unfortunate costs” and Softening the labor market. However, the data does not taint the words. The Federal Reserve’s latest economic … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in financial markets

Trader on the floor of the New York Stock Exchange, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar rose on Friday as investors responded to the Federal Reserve’s signal that its battle with inflation could lead to higher interest rates and a recession. Friday’s selloff was global, in a … Read more