Small & midsized businesses continue to show remarkable resilience as they adjust to a constantly changing labor market, inflation, increasing regulations & rising interest rates.
Paychex Inc. Provides 3Q23 Small Business Update
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job gains
Powell Faults an Overheated Labor Market for the Need to Hike Rates Again
Despite growing evidence of systematic bank risks associated with the Fed’s aggressive rate hikes over the last year, Powell hikes another 25 bps anyhow, citing labor pressure as the culprit. However, in the real world, labor conditions are already improving.
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