Fed hears raw reality of rate hike impacts across America
Businesses detail brutal effects of inflation fight
Source: mpamag.com
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Fed gets an earful about 'stranglehold' from high rates
(Reuters) -Federal Reserve Chair Jerome Powell and fellow Fed governors on Friday heard firsthand from business and community leaders how the Fed's interest rate hikes, along with ongoing price and labor market pressures, are affecting Americans. Higher interest rates together with instability in commodity prices "has a stranglehold on the American agriculturalist right now, which leads to a stranglehold on all of rural America," said Whitney Ferris-Hansen, who owns and operates J/W Farms and Ranch in Burlington, Colorado.
Source: yahoo.com
Tool and Die Makers Face Economic Headwinds: Report
OEMs will look to offset rising labor costs with cuts in other areas and tooling and die-making are inviting targets, Harbour Results' Laurie Harbour says.
Source: wardsauto.com
America's economy is too strong for its own good
Despite market turmoil, the Fed is set on relentless rate rises | Finance & economics
Source: economist.com
US economy may be entering 'new normal' after pandemic: Powell
Federal Reserve Chair Jerome Powell said the US economy may be entering a “new normal” following disruptions from the Covid-19 pandemic.
Source: gulf-times.com