RATE RIOT: Fed rate hikes could lead to at least 1M job losses, analysis shows
, according to calculations from RSM chief economist Joe Brusuelas. If the unemployment rate hits 4.6%, that would mean that at least 1.7 million Americans lose their jobs.
The Fed's projections, known as the dot plot, show that a handful of the 16 Fed officials believe the most aggressive tightening in decades will actually force unemployment even higher, with the jobless rate eventually hitting 5%.
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