Highlights from the Monthly Review for October 2022:
Job growth remained above trend and the unemployment rate fell back to historic lows in September. The tight labor market (and rising wages) has kept consumer demand in decent shape despite high inflation. And growth appears to have picked up in the third quarter, with an expected boost from trade.
- The labor market is still strong as the Fed plans more rate hikes (pg 4)
- Markets take a beating as Fed tightening continues (pg 5)
- The tightening cycle’s endgame is approaching (pg 6)
Will further Fed rate hikes lead to a recession? View the full report to learn more.