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After Months Of Inflation, Where Is The Economy Heading?
The NPR Politics Podcast
Is the Fed Confident in Their Ability to Raise Interest Rates?
The Fed raised interest rates this month to the highest level in 15 years. It's taking a sharper increase in interest rates than they would have anticipated, says CNN's John Sutter. The unemployment rate is historically low, 3.7% in November; there's not really been any evidence of a slowdown in the job market yet. But companies are reluctant to lay workers off, even if they see a little bit of drop in business because they had so much trouble hiring workers.
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