Wartime Spending In Peacetimes Is Keeping The U.S. Out Of A Deep Recession

Much of the growth we’re seeing is emanating from electrical spending in some form, notes Danielle DiMartino Booth. She discusses rate hike expectations for the rest of the year. She talks about how the U.S. factory sector is in a deep recession that is worsening due to the UAW strike. She outlines how if it was not for wartime fiscal spending in peacetimes, the U.S. would be in a deep recession. She questions if rates are higher for longer or higher forever. She then goes over what to expect from this week’s inflation data. Tune in to find out more about the stock market today.