Be Well: How Federal Spending Could Lead to Another Interest Rate Hike
Marty Cantor, CPA and economic development consultant, returned to Cheddar News to talk about the state of the economy with respect to the jobs market as the number of openings fluctuates month over month. He attributed the U.S. struggle with inflation to the government overspending to create jobs, which he also noted will likely lead to another interest rate hike.
Full Glass Wine Co., the company behind Bright Cellars, Wine Insiders, and Winc, knows you fell in love with home delivery during the pandemic – and it’s investing millions into making it even better.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
Imagine a world with just a handful of mediocre beer options. Terrible, right? That was the U.S. before the explosion of craft breweries, the Samuel Adams founder says.
March was a blockbuster month for jobs, with 303,000 new positions – and paired with slower wage growth, an economist and a portfolio manager agree this could be the ‘best of both worlds.’
