this holiday season, but with prices up, they got less bang for their holiday bucks. Despite high-profile layoffs at tech and media companies, unemployment remained relatively low in November, at 3.7%.
“China will eventually learn to live with Covid, but it’s going to be a really rocky path to get there, as we all experienced here, just much earlier,” said Megan Greene, the global chief economist at the Kroll Institute, an economic research firm. The actions have taken their toll on some parts of the economy, like the housing market, but the impact on other sectors will be felt more acutely in 2023, economists forecast.
While Greene, the Kroll Institute economist, believes the worst of inflation is behind the country, she doesn't believe it will be getting close to the Federal Reserve’s 2% target by the end of 2023. As a result, the Fed will be forced to continue raising rates and keeping them high throughout the next year. Ultimately, she expects unemployment will have to rise to 5% before consumer spending slows enough to have a significant drag on inflation.
“Any possibility of a robust activity is simply not there. The question is whether the economy can be slightly above the positive line or will slip slightly under zero to go into a recession,” Yun said. “So I think that is the key question for the U.S. economy.”Helping keep prices stubbornly high has been a shortage of products and materials that has persisted more than two years into the pandemic.
Source: Financial Digest (financialdigest.net)
So when are the Republicans going to do something about inflation and the border
So when are the Republicans going to do something about inflation and the border
Do you mean the Biden created RECESSION!! Shaky? How about critical!!!
If you voted for Biden, you have no right to complain about the price of groceries. NEVER paid $4.75 for Kroger brand of butter!
Came here to see libs losing their shit over the xenophobia of 'China's Covid' lmao
But POTUS keeps saying this is the greatest economy ever...I don't understand?
Do you prefer that from your electricity supply they meet their objective or that next month you pay double?.
WOW! NBC reports the problem yet continues to praise the President/Administration that caused it!
What are government needs to do is go after these Walmarts and Price Shoppers Hannaford's that are gouging their customers for no reason but greed what happened to help your fellow man what happened to give us your sick give us your poor we will take care of them?
Tighten your belt and bring inflation down!
You need to buy a lot of rice ramen noodles, pasta and soup. be prepared for a failed Republic under the Biden Administration.
How can that possibly be? Both the President and Vice President have been all over Twitter the last couple of days saying there crushing it and are very optimistic.
Thanks Biden voters! Great job handing our country over to a Criminal Organization by fraudulent means. Collusion with corrupt FBI/DOJ along with lying fake news networks. Like CNN MSNBC CBSNews WSJ
Corporate Greed
Why can’t Biden fix it?
Our lazy President won’t help.
Here are four words to watch out for in the economy: “The Joe Biden Administration.”
🤣 epic FAIL more sidetrack attempts. TwitterFiles Report actual news. Your network colluding with social media & FBI/DOJ to silence opposition & evidence of corrupt politicians in false Biden regime. Your responsible for violating our constitution! SpeechNazis Collusion
Soooo, everything is still going as planned…
Gee I wonder why....oh, Biden is still President. That was easy
That’s ok, we have way too many options anyway.
AmericanCEOs are telling the American people they will keep gouging prices in 2023!
Reminder ... The biggest story of the year was the Twitter Files proving the FBI and CIA colluded with Big Tech to interfere and throw our elections. Legacy media has refused to cover it - because they were all in on it. CatturdFanClub
Not bad for DC staffers. Government is an expense. It is The Politician's business. Taxing money out of the economy to trickle down through government (feeding government 1st), Kills the middle class. Here's Nancy Pelosi working for American citizens.
Biden needs to reverse his policy of depleting oil production.
The government just stole 1.7 trillion, more government spending, of course we're going to have more inflation. It's as if this government is at war with America's middle class. I guess it doesn't like the way we vote.
Ceos=capitalism: they are the producers of inflation all over the world. Tarde o temprano vamos a acabar con ellos
People should learn how to cook before giving birth to children and what's healthy food, don't let them get fed by expensive fast food chains.
Thanks to joe biden
This is all due to Bidens policies lies and corruption. There is not 1 thing he has done that has nort directly contributed to the struggles we face daily and he has politically corrupt media applauding his failures as the good trained fascist lap dogs Elon proved they truly are.
People shouldn't buy new cars, they'd buy used cars and learn how to repair your own car, so you're gonna learn something for life.
I've heared people are spending a lot of money for toys and computer games, I'd say stop doing this, you only support the wrong guys too.
bunniesonfire11 So now it's okay to call it the Chinese covid you people are f****** ridiculous
Of course , CEO's are saying that....they are going to milk the cow as long as they can.....With the exception of eggs and mayo, Walmart and my Shop-Rite all had dropping prices....got a roast at pre pandemic prices...someone tell the media the midterms are over , they can stop
Are the CEO’s predictions more accurate than average people? You guys have been doing this survey for years. Check.
This doesn't seem Whitehouse approved are you allowed to report this?
Of course, and politicians keep voting themselves pay raises in the meanwhile
More Republican American Corporation GREED
The money printing and the government spending are the root causes of inflation
STOP!There is NO INFLATION only Corporate Greed. Stop with the fear mongering