The current state of the economy is a cause for concern, with a number of issues that could have significant impact on the financial well-being of individuals and the stability of the job market. In terms of the Fed and interest rates, CPI data indicates that the Fed may raise interest rates next week, but there are questions about the transparency of the decision-making process, and recent bank runs suggest there may be underlying issues in the financial system. Inflation remains a major concern, with shelter inflation hitting a record high, and our economic illiteracy contributing to the problem. Meanwhile, the tech industry is not immune to layoffs, with Meta and other companies cutting jobs and doing away with employee perks. It’s important to address these issues and ensure the health and stability of the economy and job market.
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