MSNBC Velshi January 16, 2022 13:49:00
The unemployment rate falling to 3.9%. almost where it was before the pandemic started. here is the important part. average hourly wages increased by 4.7% last year. that's a healthy boost. it's contributing to inflation. however, inflation rose faster than wages. which is back to being a bad thing. the fed has signalled it's public enemy number one. historically, best way for central bank to fight inflation is increasing interest rates. which makes money itself more expensive to borrow. americans, both consumers and companies will think twice if the money they are spending is borrow and costs...