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US economy added 336,000 jobs in September surpassing expectations
(www.theguardian.com)
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this post was submitted on 06 Oct 2023
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And interest hikes only hurt us it doesn't stop inflation because fucking greedy corporations will gladly keep raising prices with inflation. Unless the government puts limits on that we will continue to get fucked.
Any economy that needs people to be homeless and straving to fuction should be abandoned.
Interest rates hurt anyone trying to buy property right now because historic housing prices are not coming down near as fast as the rates are going up. Inflation is worse for rich people than poor people because their massive hordes and investments devalue while most poor people are in debt, which means their debt devalues. The worst part of inflation for the working man is that their salaries arent indexed to inflation and thus they're at the mercy of their boss. Prices or domestic goods would rise a little and prices of foreign goods could rise a lot but the reason the fed tackles inflation this hard is to keep the rich peoples hordes and investments competitive with international capital.