Deutsche Bank strategists warned this week that more than 4 million Americans could lose their jobs as a result of the Federal Reserve's war on inflation.
Charles Payne, Stephanie Pomboy, Becky Frankiewicz, Joanie Bily, Steve Moore and Frances Newton Stacy react to labor participation falling month-over-month in the September jobs report.is anticipating, according to Deutsche Bank analysts. as they rapidly raise interest rates, the Deutsche Bank strategists said in a Monday analyst note that taming inflation will require "a lot higher unemployment rate" than the central bank's forecast of 4.4% next year.in February 2020.
"We think we need to have softer labor market conditions," Powell told reporters in Washington. "And if we want to set ourselves up really light the way to another period of a very strong labor market, we have got to get inflation behind us. I wish there were a painless way to do that. There isn't."
Job seekers visit booths during the Spring Job Fair at the Las Vegas Convention Center April 15, 2022.
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