Open figure viewer
Subject
Prospects for the US economy to end-2022.
Significance
The Federal Reserve (Fed) raised interest rates by 75 basis points (bp) yesterday and plans another 50-75-bp increase next month. This reflects not only concern about inflation and the impact on firms and households, especially ahead of November’s mid-term elections, but also confidence in the economic recovery. Consumption is growing and employment, after falling by more than 25 million at the height of the pandemic, should exceed its pre-pandemic level within months.
Keywords:
United States,
NA,
PROSPECTS H2 2022,
economy,
employment,
growth,
monetary,
prices,
industry,
policy,
consumer,
investment,
retail,
corporate,
debt,
energy,
property,
wages
© Oxford Analytica 2022. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2022
You do not currently have access to this content.
