- Mar 4, 2013
- Reaction score
- Dog House in back yard
Officials are gearing up for another supersized interest rate hike that's likely to send the economy and markets through convulsion, without a clear line of sight at their target, heightening the risk that they'll do either too much or too little.
Economic growth is projected by some analysts to have been negative in the second quarter of the year, but hiring is strong and the jobless rate sits near historic lows. Consumers say they’re unhappy about the economy but are still spending even amid the aggressive price spikes. Supply chains are improving, but manufacturing output is slowing. And Covid cases are skyrocketing again even as America fully reopens for business.
People are still reluctantly accepting job offers, but perhaps they are just spending their "extra" income to offset inflation, and even making the feds' interest rate hikes ineffective.