Economic Beat: Piping hot inflation data raised recession fears
How will current market developments affect you? The thought leaders at Fifth Third Bank can help make sense of it all. Listen to the Economic Beat as they discuss what happened last week and what they expect will be the focus of this week.
Economic Beat: June 13, 2022
Major U.S. equity indices dropped sharply last week, after piping hot inflation data raised recession fears. Friday’s consumer price index (CPI) report prompted a deep selloff, as faster-than-expected inflation reignited concerns about aggressive Federal Reserve (Fed) action and the potential for recession. The report sparked speculation that the Fed would have to raise interest rates even more aggressively in the coming months and slashed hopes that inflation may have peaked in the spring. Listen to this week’s full Economic Beat update or read the transcript below.