2022 exhibited volatility for a host of measures, ranging from consumer sentiment, key financial sector metrics, and CRE and housing performance metrics.
On September 21, a hawkish Federal Reserve continued to hike interest rates in the face of last week’s less than stellar inflation report. As a part of our ongoing economic and market research, our team checked in on the results.
When advance estimates of second quarter GDP growth came in at -0.9% last July 28, the drumbeat of negative sentiment became deafening. After all, GDP growth was also negative (-1.6%) in the first quarter. Figure 1. Real GDP (Percent Change from Prior Quarter) “Two negative quarters of GDP growth” is one common rule of thumb … Continued