Key takeaways
- Inflation, housing and jobs data all pointing the right direction for taming high inflation while avoiding a recession
- But the debt-ceiling crisis is putting pressure on the markets as the deadline draws closer
- If the US defaults on its debt, then the financial consequences would be severe and would almost certainly trigger a deep recession
Is the US heading for a recession? It feels like we’ve been asking this question for far too long, yet the danger – and rumors – still persist as long as the Fed’s battle against inflation rages. While the data looks fairly solid, some clouds are still on the horizon with jobs and inflation that could tip the probability of a recession in the US.
But the debt-ceiling drama is another factor to consider, even though the government will likely find a solution before the dreaded US debt default actually happens. The stock market has remained surprisingly calm amid the saga. Let’s get into the details.
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