The Good News, The Bad News: ITR Economics Brian Beaulieu offers some good news and (potentially) bad news about the economy in two short ITR Trends Talks. First, the good news. Mr. Beaulieu offers some increases in GDP which may have surprised those expecting a recession around the corner. The bad? The arrival of that recession may be accelerated the corner if the Fed keeps hiking interest rates when inflation is actually moderating.
How Fast, How High, How Long?: Economist Brian Wesbury likewise has some concerns about inflation. In a short blog post he warns “The fight against inflation is far from done” and says the key questions for the Fed are How Fast, How High, and How Long?
Also, there was another strong employment report, but Dr. Wesbury warns in a one page summary “This is why you need to look beyond the headlines.”
