The Federal Reserve Issues a Grave Alert: "The Deterioration of Financial Conditions is Accelerating"
Jerome Powell & the Federal Reserve just issued a major warning to the US Economy and Housing Market. Suggesting that financial conditions are tightening "more than the traditional metrics suggest". That's Powell implying that a bank credit crisis could be overtaking the US Economy in 2023. Which, combined with Fed Interest Rates Hikes, could mean that the layoffs are about to get much worse. Companies like Meta, Amazon, and Indeed are the most recent ones to announce big layoffs. The layoffs by Indeed are especially concerning. Because they have lots of data on the US Job Market. And they are seeing a big slowdown in new job listings. Which means the Recession in 2023 could accelerate. But these white collar layoffs haven't spread yet to the rest of the economy. Causing some to think that we'll have a "Soft Landing". Or will avoid a Recession entirely. Nearly 50% of the subscribers on my YouTube Channel think that at most we will experi...