The market looks to be heating up again after the Fed paused its string of rate hikes, but layoffs are starting to pick up and forward-looking economic data is showing signs of a recession.
Here is what to look out for this week.
Photo: Tolga AkmenThe 2023 recession is missing in action.
At the end of last year, economists were more convinced than they’ve ever been that recession was on the way, but it refused to arrive.
Now investors, economists and Federal Reserve policy makers are giving up on the idea, expecting the economy to be (a bit) stronger and stock prices and bond yields to be higher.
Organizations:
Fed, Federal Reserve