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FOMC Meeting Highlights Need for Interest Rate Hikes

Feb 22, 2023Juliya RostovaEconomy, Investment Planningautos, China, CPI, economic indicators, Federal Reserve, FOMC, housing market, inflation, interest rates, labor market, PPI, Services, Ukraine

The Federal Reserve’s latest meeting of the Federal Open Market Committee (FOMC) was held on February 23rd, 2023. The main topic of discussion was whether or not to raise interest rates by 25 basis points, with almost all participants agreeing that it would be appropriate to do so. While participants noted that inflation had eased…

U.S. Hiring Spree Continues

Feb 9, 2023Haroon HaiderEconomy, Labor economics, Technologybenchmark interest rate, central bank, consumer spending, economists, economy, economy slowdown, employers, everyday services, Fed officials, federal benefits, Federal Reserve, Federal Reserve Chair, forecasters, hiring, hiring strategies, inflation, interest rates, job applicants, job candidates, job market, job seekers, jobs report, labor data, labor force, labor market, opportunities, payrolls, private-sector payrolls, recession, recruitment, rising interest rates, technology, U.S., unemployment rate, wage growth, work from home

U.S. Hiring Spree Continues, and the U.S. has added 1.1 million jobs in the past three months and stepped up hiring in January, despite rising interest rates, elevated inflation, and lingering recession fears. This growth is being driven by large, yet often overlooked sectors of the economy, such as restaurants, hospitals, nursing homes, and child-care…