tarmac
Senior Statesman
Posts: 859
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Post by tarmac on Nov 17, 2022 10:46:45 GMT -8
Amazon, Fed X, UPS, Target and Walmart laying off tens of thousands of workers weeks before Christmas. In the past they would be hiring with a bonus over this time.
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MDDad
Master Eminence Grise
Posts: 6,814
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Post by MDDad on Nov 17, 2022 11:31:43 GMT -8
Amazon, Fed X, UPS, Target and Walmart laying off tens of thousands of workers weeks before Christmas. In the past they would be hiring with a bonus over this time.
Let's Go, Brandon! |
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SK80
Master Eminence Grise
Posts: 7,376
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Post by SK80 on Nov 17, 2022 23:53:16 GMT -8
More like Lets Go Fed. To slow or stop inflation they need unemployment to rise.They need to check all the makings of a recession.
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billb
Senior Eminence Grise
Posts: 3,082
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Post by billb on Nov 18, 2022 1:12:19 GMT -8
Typically, the Fed raises interest rates slow a hot economy and slow inflation. Right now the economy is NOT hot. Lots of layoffs. Prices are skyrocketing. There are shortages, which I bet will affect the GDP. If the Fed raises interest rates, that could, IMO, raise inflation. People / businesses need to borrow to buy products. Ask any farmer. Now they need to build that extra expense into the price of their products. = more inflation...
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