income, interest rates, retirement, risk management

January 2023 Jobs Day

After a year of the Fed raising rates, bubbles deflating and inflation surging to levels last seen in the 1980s, economists and investors are girding themselves for 2023. The first signpost of where the economy is headed was the January Jobs report on 1/6/2023.

Will the employment market continue its strong run of reports? Is the economy slowing? Will the Fed be forced to continue hiking or, as markets hope, will they start cutting rates?

Expectations are for the Fed to continue hiking rates to a level above 5%; currently rates are 4.25%.

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