Analysis: The First Data Since The Banking Crisis Erupted In March

Published Friday, April 7, 2023 at: 8:23 PM EDT

The first data since the banking crisis erupted in March were just released, and as expected, showed the economy slowed, leaving the U.S. teetering on the edge of a recession.  All eyes are on the response by the Federal Reserve on May 3, when central bankers will decide whether to hike rates one more time in their yearlong battle against inflation. Here are the latest statistics affecting investors. Although the March data showed clear signs of a slowing, key economic fundamentals make a recession in 2023 unlikely: Job openings outnumbered unemployed workers seeking jobs by nearly two-to-one and the rate of participation...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.










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