The Federal Reserve resumed raising interest rates for the 11th time on Wednesday at a range of 5.25 to 5.5% in its campaign to curb inflation, although it is no longer forecasting a recession in 2023.
Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.
As many as 200,000 jobs may be lost in the health-care sector over the next year and employers will slow investment as they wait to see Trumps clear plan for reform.
Companies from Texas to Virginia and Nebraska are struggling to fill positions with metropolitan jobless rates below the 5.2 percent to 5.6 percent level the Federal Reserve regards as full employment nationally.
Feeble returns on the safest investments such as bank deposits and fixed-income securities represent a financial repression transferring money from savers to borrowers, says Bill Gross, manager of the worlds biggest bond fund.