The United States finds itself in a bit of a pickle as we chug through Q2 2022. Earlier this morning the markets were hit with a surprise GDP print which showed the US economy slowed by 1.4% in the first quarter. At a time when the Federal Reserve seems dead set on raising rates to tame run away inflation that is consistently hitting 40-year highs, the last thing Jerome Powell and crew need is a recession that turns up the pressure on them to turn the money printers back on full blast.
Issue #1201: Rising prices in a recession should make for an interesting Fall
Pay close attention to these developments in the coming months.
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