Ford School of Public Policy Economists Weigh in on Inflation and Recession Fears
August 01, 2022
August 01, 2022
ANN ARBOR, Michigan, Aug. 1 -- The University of Michigan's Ford School of Public Policy issued the following news:
News this week that GDP had contracted for the second quarter in a row, combined with the Fed's interest rate hike and persistent inflationary pressure, are creating fear that the U.S. economy is headed towards recession. Yet the picture is confusing, as employment continues to grow, the stock market had its best month since 2020, and consumer spending is up. . . .
News this week that GDP had contracted for the second quarter in a row, combined with the Fed's interest rate hike and persistent inflationary pressure, are creating fear that the U.S. economy is headed towards recession. Yet the picture is confusing, as employment continues to grow, the stock market had its best month since 2020, and consumer spending is up. . . .