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Fed slows interest rate increases; more hikes expected

The latest jump in interest rates was the smallest for several months, but we’re not out of the woods. More hikes are expected, leaving many to question, are all of these necessary?

Gene Balas explained to Insurance News Net that the gap in the job market might generate more inflation, making the Fed take more action. “Remember that the Fed’s goal is explicitly to slow the economy and allow unemployment to rise,” he shared. “Currently, there are more job openings than there are jobseekers to fill them.”
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