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The Fed wants to cool spending; a strike, a shutdown and student loans may add ice
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U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation without a recession, meet this week with an autoworkers strike, a possible federal government shutdown, and a student loan squeeze on consumers posing new risks to that best-case outcome.
The United Auto Workers launched a strike against all three major automakers on Friday with an initial walkout of around 13,000 employees at three plants, but those numbers could grow.
Federal elected officials have only until Sept. 30, when current spending authorizations expire, to come up with a deal or federal agencies will have to shutter, and congressional Republicans have stymied negotiations.
Read more on economictimes.indiatimes.comAbout this in other media
Americans Finally Start to Feel the Sting From the Fed’s Rate Hikes livemint.com /7 months ago
Fed’s Wall of Worry: Government shutdown, UAW strike, student loan repayments and $90 oil foxbusiness.com /7 months ago
3 Reasons Why the Fed Will Have to Be Even More Hawkish in 2024 investing.com /7 months ago
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