The second quarter economic news was dominated by record inflation reports, rising interest rates and negative GDP numbers prompting a discussion of whether or not we are currently in a recession. The Federal Reserve raised its key interest rate by 1.25% in Q2 after the first raise in years in March of this year. The public perception is that rising rates are a boon for banks.
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The second quarter economic news was dominated by record inflation reports, rising interest rates and negative GDP numbers prompting a discussion of whether or not we are currently in a recession. The Federal Reserve raised its key interest rate by 1.25% in Q2 after the first raise in years in March of this year. The public perception is that rising rates are a boon for banks.
