Strong US job growth expected in Jan; wages seen cooling
Strong US job growth expected in Jan; wages seen cooling
Source: dunyanews.tv
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Strong US job growth expected in Jan; wages seen cooling
The narrative that the US central bank will press interest rates higher and hold them there for longer has been revived.
The key to avoiding a recession next year? Slowing strong wage growth, which would reduce inflation, economists say. But it won't be easy.
The Fed estimates it will raise the key interest rate to 5.1% in 2023 to curb inflation, more than it previously projected. Economists are skeptical.
In markets, the Fed is seen raising rates by a half point in December.