[sogo]

Partly true ..the FED now increase interest rate is intentional to bring demand down , if demand is down ..many CO will not invest for growth , they will instead go to protect mode , cut cost etc and lay off 

Bec nobody know when the Fed will ease ..unlikely in the near future bec of the Europe war ...raw materials have gone up substantially , hence cost of good also went up , means less product are sold 

witht he two factor above..most co will not wait till their books are hit..they start trimming now and at every level

i think powell hiking rates now is to save petrodollar. from challenges from BRICS