Economic overview and forecast for 2022 Q3
December 14, 2022
In the 3rd quarter of 2022: Inflation continued to dominate the economic discussion causing the Federal Reserve to continue raising interest rates in an attempt to temper inflation. While overall inflation showed some signs of fading, core inflation continued to accelerate. Meanwhile, higher interest rates have impacted the capital markets and the housing industry. Consumer sentiment reached its lowest point since the great recession while unemployment reached pre-pandemic levels and the labor force participation rate continued to slowly recover as well.
Honkamp partner, Rob Leibfried, gives us the Q3 economic highlights: 2022-Q3-Economic-Overview.pdf