We're in a recession right now...
We may already be in a recession. Most economists say that evidence of a real recession includes a drop in hiring and a substantial increase in unemployment, and we haven’t seen that yet. But that may happen later this year or early next year. Home building is in a recession now and production of motor vehicles is close to a recession. That may spread to the broader economy in the next few months if the Fed continues to raise interest rates and drives the Federal funds rate above 3%.
🔝🔝🔝