facebook warns staff growth decelerate significantly

Some recent indicators point toward that more optimistic scenario. The Fed is raising interest rates in the most aggressive fashion since the early 1980s. Poorer people are already suffering in the current downturn, but Lahart and others say that if we do slip into recession, lower-income workers may find themselves more insulated than in previous recessions.įederal Reserve Chair Jerome Powell speaks during a news conference after a Fed policy meeting on Dec. That would be unusual because recessions typically hurt the relatively less well-off the most. 'Richcession' refers to a recession or near-recession that impacts the rich more than lower-income folks. Yes, journalists also try hard to come up with catchy terms, with a similarly poor track record of success. This one was coined by Wall Street Journal columnist Justin Lahart.

If so, we may dub it a slowcession.' The 'richcession' 'With a bit of luck and some reasonably deft policymaking by the Fed, the economy should avoid an outright downturn. But inflation is quickly moderating, and the economy's fundamentals are sound,' writes Mark Zandi, Moody's chief economist. 'Under almost any scenario, the economy is set to have a difficult 2023. Moody's believes those could help offset the economic consequences of raising interest rates, such as higher borrowing costs, lower economic growth, and more volatile financial markets. Retail sales are starting to decline after staying strong during the pandemic, a potential early sign the economy is slowing down. A woman shops outside of a store in Manhattan in New York City on July 28, 2022.

Facebook warns staff growth decelerate significantly