Andrew Challenger, senior vice president at executive outplacement service Challenger, Gray & Christmas, Inc., joined Cheddar News to discuss the potential changes to work culture in 2023. "I think we're going to see a shift back towards the office as the labor market cools, and we start to see employers get a little bit more power back.”
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
