CNN CNN Newsroom June 4, 2024 20:24:00
A surprise rate hike of three-quarters of a percent, and the last four have been at the fed meetings. we have had four meetings in a row raising by 74 basis points, and the fed would like to moderate that going forward, but this puts that back on the table. it's also important, the fed chairman noted and it's something that was really important in today's data that ongoing effects the pandemic is having on labor shortages. 1.6 million people were out ill and unable to work in november. that's the second highest level since the omicron wave in january, 2022, and it's 70% higher than we saw in t...