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No-Locksmith6983 t1_iyd9zic wrote

Reply to comment by nubface1001 in The US economy's growth was stronger than expected in the third quarter | CNN Business by CCJones56

The fed will cave to political opposition to rate hikes

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nubface1001 t1_iyda8z3 wrote

Yes that could be a possibility. Not for a while though. Maybe end of next year or 2024

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northdancer t1_iydc57z wrote

Whatever the Fed's intentions are, they'd better get it done before the general election.

I can't imagine a Federal Bank policy of purposely throwing people out of work and increasing unemployment is going to go over well with constituents heading into a presidential election.

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zipykido t1_iydv4mk wrote

Seems like the trim is mostly from overvalued tech companies. When you hear about the 7-eleven workers not being able to find work then we're in trouble.

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EpicRedditor34 t1_iyesp5x wrote

I haven’t seen layoffs anywhere other than massive tech companies over hiring during the pandemic.

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