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nubface1001 t1_iyd316b wrote

That just means the Fed will continue to be Hawkish af. No good for equity markets imo

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No-Locksmith6983 t1_iyd9zic wrote

The fed will cave to political opposition to rate hikes

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nubface1001 t1_iyda8z3 wrote

Yes that could be a possibility. Not for a while though. Maybe end of next year or 2024

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northdancer t1_iydc57z wrote

Whatever the Fed's intentions are, they'd better get it done before the general election.

I can't imagine a Federal Bank policy of purposely throwing people out of work and increasing unemployment is going to go over well with constituents heading into a presidential election.

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zipykido t1_iydv4mk wrote

Seems like the trim is mostly from overvalued tech companies. When you hear about the 7-eleven workers not being able to find work then we're in trouble.

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EpicRedditor34 t1_iyesp5x wrote

I haven’t seen layoffs anywhere other than massive tech companies over hiring during the pandemic.

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Magikalmonkey t1_iye3mkc wrote

Not necessarily. Cpi is going to come in much lower than expected for January 2023

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nubface1001 t1_iye3zjb wrote

How do you know?

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Magikalmonkey t1_iye5ssw wrote

cpi is measured as year over year change. It will continue to trend down. Cpi December 2021 was the first time it was 7%. Peak cpi was June 2022. Doesn’t mean inflation isn’t happening…just means that the equation they use will show that the number continues to trend down

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[deleted] t1_iydbnqe wrote

[deleted]

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moistmoistMOISTTT t1_iydddg5 wrote

Just because you're poor doesn't mean the rest of us are poor. Anyone with a house (which is a huge chunk of the US) hasn't seen that much of a hit given how easy it is to find higher paying (and sometimes remote) jobs right now, not to mention the stock market rocketing up since covid.

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WTD_Ducks21 t1_iydttm4 wrote

60% of this country doesn't have $500 in their checking account and prices for goods are up over 15% (even higher for energy/food) the last 2 years. It is fair to assume that the majority of America is poor and it is baffling how consumers are still spending at high levels. It makes more sense when you look at personal savings rates tanking and credit utilization sky rocketing.

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Lezzles t1_iydumif wrote

Those "$500 in checking account" articles are bullshit. They literally ask about your checking account - if you transfer money to a savings account at the end of the month instead, you're in the "at risk" party.

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Walken_Shoebaru t1_iyevfmk wrote

So if they ask about savings accounts is it bullshit too to the people who keep their money in checking?

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Lezzles t1_iyevsrr wrote

Yes, actually. You should just ask "if you had a $500 expense come up, could you afford it, or would it financially ruin you?" basically.

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Walken_Shoebaru t1_iyexbwf wrote

yeah that's what the question is, the original person misquoted.

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Cryptic0677 t1_iydf08z wrote

Prices are going up but also there haven't been mass layoffss across the economy for the most part, people are still making money

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[deleted] t1_iydnhq3 wrote

[deleted]

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PM_ME_UR__UPVOTE t1_iyelstb wrote

I have such a hard time believing this. Every industry I see is hiring right now. I feel like there has to be some skewing of numbers to justify this because in reality the job market is amazing right now. Literally have never seen it this good.

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Cryptic0677 t1_iydv68j wrote

Right but employment is still high, even in tech layoffs haven't been very deep into the overall job market

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pigsgetfathogsdie t1_iyd4lgq wrote

Fed QT VACUUM go RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRB

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davanger1980 t1_iydfsdm wrote

I need a run up to resent highs to get my puts going.

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carlosequeso t1_iydalrj wrote

“The strong reading does not necessarily remove the risk forecast by many economists of the US economy falling into recession at some point in the next year.

But the stronger-than-expected growth shows the resilience of the economy as it deals with the headwinds caused by the Federal Reserve’s aggressive course of large interest rate hikes in an attempt to slow the economy in order to tame decades-high inflation.”

🥨🤸🌞🌈

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1

yazzooClay t1_iyf9al4 wrote

Fake news. Idc what they say everything costs so much now. Everything keeps shrinking and price keeps getting higher.

0

soAsian t1_iyeds7t wrote

American cooking the numbers like Chinese

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sungazer69 t1_iyewm7c wrote

It's a lot harder for the US to do that lol

In China Xi just sort of snaps his fingers.

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