Feds clearly indicated they are not comfortable with the way inflation adjusted this year and they may not reduce the interest rates this year. In fact they could increase the rates to get the inflation in control! This affects all the consumers and their buying habits which in turn affect the profit margin of products and services companies. This impact can be seen in Q4 of this year. Folks brace yourself for another wave of layofffs this year. Work hard, develop skills and be ready to interview. TC 300K #tech #layoff
Yup. In fact, if there are no rate cuts in the next three months, expect layoffs to start by end of Q3 because it probably means interest rate hikes in Q4 after elections and usually companies plan ahead for such situations. And I’d say this is actually the more likely scenario. The fed is just being vague right now because it’s election year
They never said they will increase rates.
Powell said labor market still strong
Nah, election will be done by then and Biden will be on his way out finally
Keep dreaming.. Or are you going to repeat j6 ?
Nothing to do with who gets elected. No president has a magic wand. We are in this situation because of excessive wealth generation in the last few years + geopolitical instability on an international level