Economic Overview and Forecast for 2023 Q2
August 21, 2023
With all eyes on the U.S. economy, it showed broad strength in the second quarter. That came despite widely held fears that high interest rates would tip the nation into recession.
The yield curve remains inverted — a sign that bond markets are primed for recession — yet production and spending exceeded expectations and the job market remained solid. Consumer sentiment is also rising. Inflation waned a bit further, due in part to falling prices within the energy sector. The promising economic data spurred the capital markets to build on their existing rally with another bullish quarter.
Honkamp Shareholder Rob Leibfried shares the second quarter’s economic highlights and a look at the rest of 2023. View the full overview here: 2023 Quarter 2 Economic Overview and Forecast.