U.S. Recession Already Six Months Old, Says Fed Model

[covertbriar]

The prospects of a U.S. recession have been rising throughout 2022 as the Fed committed to rate hikes and the yield curve inverted in March. Stocks, now in a bear market, had their worst start to the year since 1970, and inflation has hit 40-year highs. The economic news has not been good.

Q1 2022 GDP growth was negative, suggesting a recession may have started. Now, the Atlanta GDPNow model signals Q2 growth may be negative too. If that forecast holds then the recession that seemed likely on an 18-month view, may be here already.

More at https://www.forbes.com/sites/simonm...cession-already-six-months-old-says-fed-model

 

[syed putra]

Which makes me wonder why they hike the interest rates when consumers are not spending and bus8nesses were closing.
California ports with their crazy stringent emmission, union and carbon neutral rules caused backlog of ships waiting to discharge.
Thus had a domino effect delaying shipping throughout the world causing shortages and supply problems, damages to goods and added costs hiking up inflationary pressures.
Car manufacturers are producing less cars due to parts shortages worldwide.

 

[covertbriar]

But tesla is still laughing all the way to the bank, what say you?

 

[k1976]

If last time ish 6mth.... Now ish how many months liao??

 

[syed putra]

But tesla is still laughing all the way to the bank, what say you?

Tesla buyers gets subsidy no?

 

[tanwahtiu]

The prospects of a U.S. recession have been rising throughout 2022 as the Fed committed to rate hikes and the yield curve inverted in March. Stocks, now in a bear market, had their worst start to the year since 1970, and inflation has hit 40-year highs. The economic news has not been good.

Q1 2022 GDP growth was negative, suggesting a recession may have started. Now, the Atlanta GDPNow model signals Q2 growth may be negative too. If that forecast holds then the recession that seemed likely on an 18-month view, may be here already.

More at https://www.forbes.com/sites/simonm...cession-already-six-months-old-says-fed-model

They don't play the recession game anymore... sanction themselves to debt ceiling come June 1...

 

[ftan42]

Still in the inflated stage as FED still trying very hard to lower the inflation rate to about 2%