Wednesday Jun 08, 2022

The ‘R’ Word That Is on Everyone’s Mind

Recession...not inevitable? 

According to economists, the U.S. economy is not headed towards a recession even though the Federal Reserve, aiming to squash the highest inflation in 40 years, has raised interest rates at the fastest pace since the 1990s.

However, despite these increased interest rates, there is plenty of extra cash to help consumers through thick and thin. 

"Businesses are in great financial shape and they have never been so profitable." - Mark Zandi, Chief Economist at Moody's Analytics.

Tune in to this week's episode of Walkthrough Wednesday to hear Russ Briscoes take on this important subject!

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Sources:

https://www.constructiondive.com/news/recession-not-inevitable-moodys-says/624919/

https://constructioncitizen.com/blog/agc-data-digest-may-27-june-3-2022/2206061

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