We are seeing slowdowns in earnings reports from many companies, plus announcements of layoffs.
I suspect we are in a recession, but the start of a recession is never called until, often, a couple of quarters after it started.
Will this start to reduce the inflation rate? We have a combination of governments flooding the markets with cash to make up for ineffective pandemic policies, the demand that created, but which collided with supply chain constraints caused by pandemic policies. Pretty much an ugly mess leading to inflation.
Will high interest rates and a recession fix this inflationary environment?
