Recession is coming in 2023- Know your market TODAY-
Anyone hoping the U.S. economy would finally return to normal in 2022 following more than two years of dislocation from the Covid-19 pandemic has been sorely disappointed.
A war in Ukraine, elevated inflation and higher interest rates are raising concerns that the U.S. economy is on the brink of a recession. Several reliable economic indicators are flashing warning signs that the U.S. economy could be rolling over.
Fortunately, the U.S. labor market remains strong, and experts are divided on whether or not a recession is inevitable in this unique economic environment. This is why Fed Chair Jerome Powell said this summer that he didn’t believe the U.S. was in a recession.
Just because the risk of a recession is rising, economists caution there’s no reason for the average American to panic. Recessions have been a relatively common occurrence over the past century and have produced attractive opportunities for long-term investors.
