MARKET SIGHT|LINES
We discuss the prospect for recession and the possible scenarios that may unfold amidst the ongoing uncertainties surrounding inflation, monetary policy, bank troubles, and the debt ceiling.
Americans are still spending. Despite a significant increase in rates and a growing threat of recession, consumers have proven surprisingly resilient at the start of the year. At the same time, consumers are more indebted than ever, drawing down savings and ramping up credit card usage.
As the Memorial Day weekend approaches, a debt ceiling deal might be announced in the next 48 hours. If Washington fails to reach a deal in the next few days, policymakers have some contingency plans – especially for the banking system. We take a look at a few of these plans.