The Fed's Impact on Jobs and the Economy.

Signs of a weakening labor market, slowing service sector activity, and softening consumer spending suggest the US economy is on the brink of a recession, which the Federal Reserve may have asked for or engineered. Layoffs are rising, and credit card delinquencies at small-to-mid-sized banks are increasing. An inverted yield curve, which has correctly predicted the onset of each recession since 1968, has been flashing a warning signal since November. The rapid pace of expected deceleration pushes forward the risk of recession, and growth forecasts have been slipping.