"GDP today could have experienced a last hurrah for a while. The retrenchment in housing market is negative for GDP. It moves the recession discussion forward. The Federal Reserve think that inflation is public enemy number one even with a strong jobs market. As much as investors would like for the Fed to say they are done, but we do not want to be done with the fight against inflation. The potential recession will not be as severe as the last two," says Mark Hamrick.
27 Oct 2022