Ending Inflation Will Take Months

Published Friday, December 2, 2022 at: 9:27 PM EST

The U.S. created 263,000 new jobs In November, despite six rate hikes implemented since March by the nation’s central banker to slow economic growth. The rate of job creation was 30% higher than economists had expected. For investors, it means that the Federal Reserve System, the nation’s bankers, have no choice but to continue raising lending rates for months. They have to stop job growth because it puts upward pressure on wages and worsens inflation. Job openings vastly outnumber job seekers. The pandemic led many Americans in their 60s to retire earlier than in previous decades. More Americans in their 30s, 40s,...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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