Economic Quarter in Review
Chris Low, Sophia Kearney-Lederman, and Will Compernole
Economic Dashboard - September 2022
The dashboard provides an in-depth overview of the current state of the US economy and markets. The report covers everything from the Fed, employment, and inflation to economic growth and credit.
High inflation continues to drive monetary policy, underscored by the Fed’s third consecutive 75bp hike at the September meeting. While the pace of tightening is expected to slow next year, broad-based inflation keeps surprising to the upside. Falling equities, a second consecutive quarter of negative GDP growth, multi-decade mortgage rates, and slowing consumption suggest a US recession is imminent if not already occurring.