Federal Reserve Alert! U.S. economy likely to slow further, Fed’s Beige Book finds. Most business respondents “expected price pressures to persist at least through the end of the year.”

via federalreserve.gov: Labor Markets Employment rose at a modest to moderate pace in most Districts. Overall labor market conditions remained tight, although nearly all Districts highlighted some improvement in labor availability, particularly among manufacturing, construction, and financial services contacts. Moreover, employers …

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Federal Reserve’s plan is to raise rates and QT aggressively, crash the market, then step in and ease when inflation is down to prevent a 1929 type of depression. Don’t fight the FED.

https://twitter.com/MFHoz/status/1552276114554462208 FED'S POWELL: NO ONE CAN BE SURE ON WHETHER WE CAN ACHIEVE A SOFT LANDING — *Walter Bloomberg (@DeItaone) July 27, 2022 Chicago Fed National financial conditions index eased last week, the second week in a row. Not the …

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Reserve Bank plunges New Zealand into consumer-led recession

by Boo_Randy Heckova job, central bankers. https://www.macrobusiness.com.au/2022/07/reserve-bank-new-zealand-consumer-recession/ Independent economist Tony Alexander’s latest monthly Spending Plans Survey for New Zealand shows that a record net 27% of the near 1,000 respondents plan on cutting consumption spending over the next 3 to 6 months …

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