Economic Resilience Amid Staggering Interest Rates

Despite significant interest rate hikes by the Federal Reserve, economic resilience remains a key theme. The discussion highlights that many analysts initially expected these rate increases to trigger a recession; however, some experts argue that the fundamentals of the consumer economy demonstrate a capacity to withstand these shocks. For instance, the presence of a substantial retirement asset base among baby boomers suggests that the economy still has strong underlying support. This resilience challenges prevailing narratives and reflects a more optimistic outlook on the economy's performance going forward.