Since the Fed first signaled in early November that the rate hike cycle was likely over, economic data has continued to hold up or even improve in some areas. Overall, current economic data does not suggest an elevated risk of a recession in the near term as the job market remains strong, corporate earnings have held up, and the Leading Economic Indicators had their first positive month-over-month report in two years. In this month’s video, Ross Bramwell discusses one element that may help explain why the much-anticipated recession has so far not occurred.
Watch here: https://youtu.be/eBpQZHgmOnQ
