Worst cardboard-box recession since 2008 could be a sign of broader economic weakness
For many months now, a debate has been raging among experts whether the US economy is facing a recession, following the Federal Reserve's steepest interest-rate increases in four decades.
But a rather offbeat indicator has been signaling a level of economic weakness not seen since the global financial crisis of 2008-2009 – and that's the shipments of cardboard boxes.reported this week that sales of cardboard boxes fell 9.8% The Fed's aggressive interest-rate increases have curbed demand for cardboard boxes over the past year and demand may enter a prolonged slump, according to FreightWaves, a supply-chain intelligence firm. The Fed has raised benchmark rates by 500 basis points since early 2022 to tame historically high inflation.
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