Timothy Sumer

As the Federal Reserve continues efforts to bring Inflation down, S & P Global Ratings is warning of a mild recession in 2023. Beth Ann Bovino, chief economist for S & P Global Ratings, joined John Dickerson on "Prime Time" to discuss. #news #inflation #economy CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Try Para

As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele Morgan #Layoffs #JobCuts #WSJ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The COVID-19 pandemic has caused a significant economic downturn that is being felt across different sectors. However, contrary to past recessions where low-skilled workers were the hardest hit, this time, the layoffs are hitting the white-collar workforce. As the Wall Street Journal reports, millions of professional workers are losing their jobs or experiencing reduced hours, as companies cut costs to stay afloat. The pandemic has disrupted supply chains, reduced consumer demand, and led to the cl