Thursday, June 1, 2023
Between rebounding from the pandemic and continuing to grow through inflation and persistent interest rate hikes by the Federal Reserve, The U.S. economy has shown great resilience over the past couple of years. But while unemployment remains low, and inflation is slowing, a recession is still anticipated by most. The banking industry is unstable, interest rate hikes seem to be slowly catching up with consumers, with one more possible in June, and the current debt ceiling issue certainly doesn’t help economic stability. Post-Covid supply chain issues aren’t perfect, but they have improved and are expected to continue in this direction. Global tensions persist with Russia’s invasion of Ukraine. Oil prices are at $69/barrel.
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