The Fed's Credit Crunch Could Lead to Stagflation

Even with the bank crashes, we haven't even begun to feel what the Fed's economy choking hikes will do to jobs. If we did count them, we'd be looking at an unemployment rate right now of about 6%. According to one layoff tracker focused on tech, companies have quote slashed more than 170,000 jobs in the past four months that's compared to 15,000 jobs cut in 2021.