Be Well: How Federal Spending Could Lead to Another Interest Rate Hike
Marty Cantor, CPA and economic development consultant, returned to Cheddar News to talk about the state of the economy with respect to the jobs market as the number of openings fluctuates month over month. He attributed the U.S. struggle with inflation to the government overspending to create jobs, which he also noted will likely lead to another interest rate hike.
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.