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According to Dr. Ray Perryman of the Perryman Group, the solid job growth in recent months (August unemployment stood at 3.7%) suggests that recessionary fears are overblown, even considering the two-quarter decline in GDP (much of which is attributable to rising exports, which indicates progress on supply chain issues). According to Rajeev Dhawan of the Georgia State University, energy-price-hike-inducedinflation has cratered domestic consumer confidence, signaling less spending in the coming months. [...]C-suite confidence is low, translating into weak capital expenditures. [...]Wells Fargo have considerably reduced their residential forecast as higher mortgage rates (U. S. mortgage rates touched their highest level in nearly 14 years in early September causing another blow to the rapidly cooling housing market) and rising recession risks have weighed on housing activity.
Details
Housing starts;
Economic conditions;
Employment;
Productivity;
Federal Reserve monetary policy;
Inflation;
Yield curve;
Interest rates;
Central banks;
Economic growth;
Automobile sales;
Federal funding;
Consumers;
Mortgage rates;
Securities markets;
Consumption;
Federal funds rate;
Capital expenditures;
Gross Domestic Product--GDP;
Unemployment;
Households;
Recessions
1 Professor of Management at Campbell University's Adult & Online Education Division and Lundy Fetterman School of Business, teaching online Applied Economics for Business Leaders and Healthcare Finance in the MBA program as well as Quantitative Methods for Business and Economics to Adult & Online Education students.