By: Economic & Finance Report
The Fed & the chairman (Jerome Powell) have indicated that it is a strong possibility that this year, the U.S. could be in a recession. As inflation is high and the interest rates are starting to kick in. Analysts have indicated some slow of growth in the upcoming quarters.
Some have indicated that the Fed could lower inflation to approx. 2.2% until 2024. As of right now the unemployment rate in the US is at 3.6%. If unemployment reaches above 5%, then more assertive measure would have to be evaluated. -SB
Image Source: The Hill