Economic Beat: Weaker-than-expected economic data raise the possibility of a recession

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 27, 2022

U.S. equity markets rose last week, recording their first weekly gain in four weeks, recovering somewhat after sharp losses in the prior week when the S&P logged its worst weekly performance since March 2020. The move upward was driven by expectations that the Federal Reserve may reduce the scale of its interest rate hikes at upcoming meetings, as weaker-than-expected economic data raise the possibility of a recession. Nearly every sector in the index recorded strong gains. Listen to this week’s full Economic Beat update or read the transcript below.

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