A potential buyer looks over a 2023 Cooper S sedan on the floor of a Mini dealership Friday, Feb. 17, 2023, in Highlands Ranch, Colo. Over the past year, the Fed has raised its key short-term rate eight times, causing many kinds of consumer and business loans, including auto loans, to become more expensive. – A majority of the nation’s business economists expect a U.S.
A third of the economists who responded to the survey now expect a recession to begin in the April-June quarter. One-fifth think it will start in the July-September quarter. , the sharpest monthly gain in nearly two years. That suggested that consumers as a whole, who drive most of the economy's growth, still feel financially healthy and willing to spend.after weakening for several months, fanning fears that the Fed will raise its benchmark rate even higher than was previously expected. When the Fed lifts its key rate, it typically leads to more expensive mortgages, auto loans and credit card borrowing. Interest rates on business loans also rise.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2023 US recession now expected to start later than predictedA majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates
Source: WOKVNews - 🏆 247. / 63 Read more »
2023 US recession now expected to start later than predicted - New York Amsterdam NewsA majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
Source: NYAmNews - 🏆 269. / 63 Read more »
2023 US recession now expected to start later than predictedA majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates. I feel like we’ve been talking about this impending recession for years… Recession or Depression? That is the question that will be answered shortly.
Source: chicagotribune - 🏆 8. / 91 Read more »
2023 US recession now expected to start later than predictedWASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates. Lol they don't know shit “We’re not in a recession but it could happen in the future.” - AP Holy word salad of a headline
Source: AP - 🏆 728. / 51 Read more »
2023 US recession now expected to start later than predictedA majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates. If you keep recycling this prediction very few months…eventually it will be true! 🙄
Source: DenverChannel - 🏆 239. / 63 Read more »