Economic Index flashes major recession warning signs.
A major indication gauge of the U.S. economy has indicated that we are soon to be headed into a recession. The Fed is currently dealing with some high inflation rates. Leading economic indicators have shown that the gauge is down .8% from the previous month and has fallen 8 months in a row. Many people are worried about steep interest rates and and high inflation. The housing market has also taken a toll due to the current economy. The Fed may have to increase interest rates to stay on top of inflation. We learned in Econ classes that buying tends to stall when interest rates are high. How will the current state of the economy affect us? That I am unsure since things tend to fluctuate over time, but high inflation rates can become worrisome.