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Is a 2022 US Recession on the Horizon?
One of the outcomes from the recent Fed meeting, where the Fed decided to raise rates for the first time in years, was a clear plan to continue to raise rates over the next year. Fed Chair Jerome Powell added fuel to the fire yesterday when he said that the Fed was willing to raise rates even faster than the meeting notes suggested. The Fed is now clearly focused on bringing inflation back down, even if it means slowing down the economy. The Interest Rate Cycle Markets have responded by bidding up interest rates around the world. Higher interest rates will slow the economy, of course, and, historically, they have ... (full story)
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