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Fed message that rates will be on hold for 'a while' clashes with bets on 2023 rate cut

Fed message that rates will be on hold for ‘a while’ clashes with bets on 2023 rate cut

(Bloomberg) – Federal Reserve Chairman Jerome Powell has history on his side as he and his colleagues part ways with Wall Street on how long interest rates will stay high in 2023. Bloomberg’s Most Read After the fastest monetary policy tightening since the 1980s, the central bank is expected to raise its benchmark rate by …

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Tony Xu's Message to DoorDash Employees - DoorDash Newsroom

Tony Xu’s Message to DoorDash Employees – DoorDash Newsroom

Earlier today, Tony Xu shared the following with DoorDash employees: This is the most difficult change to DoorDash that I have had to announce in our almost 10 year history. Today, we are reducing our workforce by approximately 1250 people and saying goodbye to many talented teammates. If you’re one of those affected, I’m so …

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The message from the left for the Fed: Stop punishing workers

The message from the left for the Fed: Stop punishing workers

“It’s a throwback to the bad old days,” said Benjamin Dulchin, campaign leader of Fed Up, a coalition of community groups and labor unions. “Overreacting and sticking with the workers because it’s the only thing they know they can do is the same old prejudice.” Fed Up was among progressive groups that praised Republican Powell …

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