Can’t have the workers feeling stable.
Worker’s leverage diminished back to negligible levels!
Capitalists and their doting sycophant peasants rejoice!
Peasants happy about the fed getting what it wants, Jesus Fucking Christ.
Reminder: The fed wants you to provide maximum value, working under the most efficient (harshest) conditions, for the minimum compensation possible so that meaningful shareholders scores go up. To be clear, that almost certainly isn’t you.
There’s a million signs that inflation is in a good spot, and also the near inevitability of headline inflation increasing in the next month or two because volatile food and energy prices have dragged it lower the last couple months. Just hope there isn’t an overreaction when that happens.
This is good news, but of course it will get little actual press because good news typically doesn’t sell.
I was very skeptical of high inflation and the job market, and although the tech industry has lost quite a bit of steam, overall the economy is doing much better than I expected. Good job, Federal Reserve.