Is the Fed going to keep raising rates are they going to quit it? They're going to keep at it at least for a while. A lot of it is inflation is still happening and the Fed really wants to get that under control. The big trade off they're sort of seeking here is softness in the job market.
Wealthy companies like Google and Microsoft are announcing unprecedented layoffs — all while the economy is trending in the right direction. Vox’s Emily Stewart explains.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
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