Why No Recession One Year After Interest Rates Started Up


The Fed began raising interest rates one year ago, on March 17, 2022, and the U.S. economy is not in recession. This “Godot Recession” (because we’re just waiting and waiting and it never comes, in the words of Ray Faris) should not be surprising . There never was good reason to expect a recession so quickly, though there is good reason to expect one to begin late in 2023 or…

This story appeared on forbes.com, 2023-03-18.
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