The Chicago Fed chief on inflation-cooling measures and consumer sentiment. Plus, ChatGPT makes hiring extra-tricky.
Chicago Fed’s Austan Goolsbee on the consumer sentiment disconnect, and what happens if interest rates stay high for too long.
It means interest rate hikes are having the intended effect. Tapering consumer demand and high labor costs are weighing on earnings.
And what do medieval times have to do with it?
The AI chatbot makes it easy to send out multitudes of resumes. The tsunami makes it hard for employers to sort through candidates.
Lower demand for many products made from chemicals plus too much inventory results in rough times for chemical manufacturers.