
A Not-So-Great Resignation? Workers who found a better-paying role feel less job security as recession fears rise
They may have found a better-paying job, but are those workers better off?
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
Bankrate.com writer Sarah Foster covers the Federal Reserve, the U.S. economy and economic policy. Originally from a small town in rural Illinois, Foster developed a passion for economics while watching her community recover from the Great Recession. She witnessed just how much Main Street is impacted by Wall Street and saw firsthand that the Federal Reserve’s most well-intentioned policies can still leave those most desperate for help behind.
Sarah previously worked for Bloomberg News, the Chicago Tribune and the Chicago Daily Herald and has been quoted in several national and regional media outlets, including Yahoo! News, NBC, the Toronto Star, the St. Louis Post-Dispatch and more.
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
They may have found a better-paying job, but are those workers better off?
Presidents may affect the world’s most powerful central bank more than you think.
How long will the job market hold up amid the Fed’s rapid rate hikes?
Economists see the Fed’s tightening cycle peaking at 4.5-4.75 percent.
Storm clouds are gathering above the economy amid high inflation and interest rates.
That’s even despite the Fed’s fastest rate hikes since the 1980s.
Feeling deprived during lockdowns, Americans aren’t ready to fall back on progress.
Not since the 1980s have officials raised rates this much in a single year.
Skyrocketing costs are causing a major hit to Americans’ financial security.
You might not be able to call rates historically low for much longer.
Over time, a shrinking balance sheet could impact you more than a Fed rate hike.
Americans aren’t reaping the benefits of the fastest wage growth in decades.
Yet, the majority of Americans say they’re preparing for a recession.
The economy may still be on stable footing, but how long will it last?
It might not be here yet, but a recession could be coming.