The S&P 500 index sank 1.9% in early trading. And the yield on the 2-year Treasury note, which tends to track expectations for Fed actions, rose to 4.31% from 4.26% late Thursday. The public anxiety that has arisen over high prices and the prospect of a recession is also carrying political consequences as President Joe Biden’s Democratic Party struggles to maintain control of Congress in November’s midterm elections. In its epic battle to rein in inflation, the Fed has raised its benchmark interest rate five times this year. It is aiming to slow economic growth enough to reduce annual price increases back toward its 2% target. In August, one key measure of year-over-year inflation, the consumer price index, amounted to 8.3%. #Bartender 10.1 key driver#Īnd for now, consumer spending - the primary driver of the U.S. In August, consumers spent a bit more than in July, a sign that the economy was holding up despite rising borrowing rates, violent swings in the stock market and inflated prices for food, rent and other essentials.įed Chair Jerome Powell has warned bluntly that the inflation fight will “bring some pain,” notably in the form of layoffs and higher unemployment. Some economists remain hopeful that despite the persistent inflation pressures, the Fed will still manage to achieve a so-called soft landing: Slowing growth enough to tame inflation, without going so far as to tip the economy into recession. ♥️ THIS TOO SHALL PASS.And the Fed is trying to accomplish it at a perilous time. I guess it can only mean that I am one more day closer to recovery. and even when it feels like I can’t handle one more day of this, somehow that moment passes. The doctors are confident that I will make a complete recovery very soon. Accepting this vulnerability is something that I am still struggling with. I am slowly realising that we don’t always need to put up a strong front. But it is taking a little longer than I hoped. I was hoping to share this after it had gone into remission.
A few months back I was diagnosed with an autoimmune condition called Myositis. It is this love and connection that I share with all of you, that gives me the strength to deal with the seemingly unending challenges that life throws at me. She wrote, “Your response to the Yashodha Trailer was overwhelming. She shared a photo from the hospital and penned a long note telling her fans and followers about her diagnosis. Last month, she took to social media to reveal that she has been diagnosed with the disease.
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