More Americans Filed Unemployment Claims Last Week

The video discusses the recent jobless claims report, highlighting a slight increase in claims and the resilience of the US labor market despite inflation. It covers the potential impact of expected interest rate hikes by the Federal Reserve, as stated by Fed Chair Jerome Powell, which could lead to job losses. The Fed projects a rise in unemployment next year, raising concerns about a possible recession. Upcoming Fed meetings in November and December are expected to result in further interest rate hikes.

What is the projected unemployment rate for next year according to the Fed?

When are the next meetings of the Fed scheduled, and what is expected to happen during these meetings?