2min snip

Planet Money cover image

A tarot card reading for the U.S. economy

Planet Money

NOTE

The Delayed Effects of Interest Rate Hikes: Predictions of an Impending Recession

The current fall in payments is a result of past interest rate hikes and suggests a potential recession in 12 months./nTorsten predicts a 60% chance of a recession in the future./nThe Federal Reserve may continue raising interest rates to combat inflation./nStopping interest rate hikes at high inflation levels could undermine confidence in the Fed's ability to control inflation./nTorsten's prediction of unemployment and recession should be viewed as an economic analysis rather than a desired outcome./nDifferent economists can interpret the same data and reach different conclusions.

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