Potomac Wealth Advisors President Mark Avallone discusses the possibility of a recession.
Well, it's been a reasonable indicator, as you know, it hasn't always been accurate. There was a reading in 2019 that called for recession, and if we didn't have COVID, it would have been a totally wrong report. So, it's really hard to look at one data point and project out.
But the way the Fed is raising the short end of the curve in the way the bond market's reacting tells you that later in this year or in 2023, the economy is more than likely going to slow down. What's happening with oil prices, what's happening with interest rates, those are two huge headwinds. And if we add tax hikes again, that would be a trio of bad news for the economy.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Grammy-award winning trio Boyz II Men to perform at San Antonio's Tech Port ArenaTickets go on sale Friday, April 1: one sweet day for fans of '90s R&B. SanAntonio SATX SanAntonioTX SanAntonioMusic TexasMusic ThingsToDoInSanAntonio
Leer más »
Trio busted for 717 kg of cannabis reportedly includes two cousinsCANU recently made a big bust when they found three men with 717 kilograms of cannabis - via TheGrowthOp Cannabis news
Leer más »
Higher oil prices could mean bumpier roads as asphalt costs are impactedThe Russian invasion of Ukraine continues to disrupt the global oil market. While we saw a slight drop in gas prices in recent days, they remain near record highs.
Leer más »
Goldie Hawn Swears by Olive Oil for Perfect Skin at 76 — Best LifeWant to look amazing at any age? Hollywood actor and model Goldie Hawn swears by using olive oil for flawless, ageless skin.
Leer más »
Oil tumbles 8% as the market faces a new concernCovid fears are rocking the oil market Monday as China's planned lockdown of Shanghai raises concerns about energy demand.
Leer más »
Oil executives refuse to testify to Congress on high gas pricesThe executives of three major oil companies have refused a request from Democratic lawmakers to testify before Congress about the spikes in energy prices.
Leer más »