Inside the Economy: Jobs & the Federal Reserve

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss jobs and the Federal Reserve. Jobless claims continue to decrease and unemployment remains at record lows. With a slowing economy, what will that mean for employment for 2023? The Federal Reserve continues to raise rates with their most recent 0.25% increase in January. Will the data soften enough in 2023 to cause them to pause, or will they continue to raise rates? Tune in to learn about this and more! Key Takeaways: • Headline inflation lowers to 6.5 • Unemployment down to 3.4 • Mortgages hover around 6%