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US economy will soon start losing 175,000 jobs a month, Bank of America warns

Por: CNN Business October 10, 2022

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New York CNN Business  —  The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns. Although the jobs market remained, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and to appliances. The pace of job growth is expected to be roughly cut in half during the... + full article



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