Economic Beat: The U.S. labor market remains resilient

How will current market developments affect you? The thought leaders at Fifth Third Bank can help make sense of it all. Listen to the Economic Beat as they discuss what happened last week and what they expect will be the focus of this week.

Economic Beat: May 8, 2023

Last week, the Federal Reserve increased its key interest rate by 0.25 percentage points, it’s 10th hike in 14 months. That pushed its benchmark rate to between 5 percent and 5.25 percent, up from near-zero in March 2022, although the Fed hinted the rate hike may be its last for now. Listen to this week’s full Economic Beat update or read the transcript below.

To listen to past Economic Beat updates, click here.