The US economy is doing well and has been for years.
But as we approach the new year, a new round of job cuts and a surge in the number of Americans going into bankruptcy has raised concerns about a long-term trend that will eventually put downward pressure on the wages of the average American.
The Dow Jones Industrial Average will rise more than 500 points, its biggest one-day gain in more than a decade, after the Federal Reserve lifted interest rates to an unprecedented 4% last week.
That has already prompted a spate of job announcements.
But it also signals that the United States could see some long-awaited job gains in coming months.
Here are some predictions of the next few months: February 3: The Fed hikes interest rates again.
The Fed will increase its bond-buying program by $4.2 trillion over the next two months.
The Bank of Japan will also hike interest rates, as will European central banks.
All of this is designed to spur the U.S. economy to grow more quickly, with the goal of making up for lost ground in recent years in areas like manufacturing, which has suffered a sharp slowdown since the financial crisis.
February 6: The U.K. sets a new record high unemployment rate, which is now 6.3%, the highest in the developed world.
That’s because of the Brexit vote that brought the U-K.
to the negotiating table with the European Union, which was pushing for a soft Brexit.
is in the middle of a very long recession, which makes it especially vulnerable to a slowdown in the UK, which accounts for about 10% of the U