Did we just dodge a recession? By Vivekanand
Jayakumar, The Hill - 05/30/23
https://thehill.com/opinion/finance/4024671-did-we-just-dodge-a-recession/
Toward the end of 2022, there was an unusually strong
consensus that the U.S. economy was headed for a recession in 2023. Yet, so far
this year, American consumers have remained resilient, the labor market has
remained tight and the housing market has been reinvigorated by an uptick in
construction and sale of newly-built homes. Even the stock market appears to
have regained some swagger as analysts raise their year-end targets for major
indices.
Why did 10 consecutive interest rate hikes by the
Federal Reserve, which cumulatively pushed interest rates up by 500-basis
points, fail to generate a noticeable slowdown in U.S. economic activity?
Full list of my opinion pieces:
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Global Economy: Trio of critical signs point
to global economic slowdown
