Piper Sandler’s head economist, Nancy Lazar, has recently spoken to Fox Business Network about the unique economic situation in the US. According to her, the current economy can be described as a “bifurcated” economy, a phenomenon that has only occurred twice before and both times resulted in a recession. She explained that there are those who are benefiting from higher interest rates while others are struggling financially.
Large corporations have seen significant gains from high interest income, favorable financial conditions, stock market rallies, and government assistance. However, consumers are facing mounting debts, high interest rates, and inflation that erodes wage increases. Lazar emphasized the need for higher interest rates to eventually lead to a recession, which would help address issues like excesses and inflation.
Despite the potential for a recession, Lazar stated that it could be necessary to address the inflation problem. She expressed concern about persistent inflation and highlighted the fine line that the economy is currently walking. Without taking action, there is a risk that companies and individuals will continue to bid up prices, leading to further challenges in the economy.
Thanks to the support of the Mercy Health Lorain Foundation, Wellington Primary Care in Lorain…
On May 14th, insider Gary Crispe of RAS Technology Holdings Limited (ASX:RTH) sold 1,500,000 shares…
The 2024 PGA Championship is currently underway at Valhalla Golf Club, with two days of…
During the week of May 6-11, the Wichita Falls-Wichita County Public Health District conducted a…
For the past 125 years, U.S. stocks have been dominant in global investing based on…
In Samarkand, Uzbekistan, Connor Bentley from Britain delivered a stellar performance to claim the top…