4.6% Unemployment Predicted by the End of 2023
Associated Press (12/14/22) Rugaber, Christopher The U.S. Federal Reserve announced a substantial increase in its benchmark rate, now ranging from 4.25% to 4.5%, the highest in 15 years, aiming to combat the highest inflation levels in four decades. Chair Jerome Powell emphasized the necessity of significantly higher rates to address inflation concerns. Projections indicate a further increase to 5% to 5.25% by the end of
December 14, 2022