fight

Nearly 70% of Americans are looking for extra work to fight inflation

Nearly 70% of Americans are looking for extra work to fight inflation

A few months ago, Mike Petree noticed an alarming trend: his bank account was getting uncomfortably low on the weekends before he got his paycheck, paid bi-weekly on Wednesdays. Despite no change in their daily routines, the bills for him and his family of five have skyrocketed: a $120 weekly grocery bill soared to $200, …

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Powell says job market will have to suffer for inflation to fall

Fed’s fight against inflation could cost 1.2 million US jobs

The data, however, does not mince words. The Fed’s latest economic projections, released on Wednesday alongside a massive third straight interest rate hike of 75 basis points, show the central bank expects the country’s unemployment rate to hit 4.4% next year. — down from 3.7% in August – and potentially up to 5%. Assuming no …

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