Fed rate hikes: Cause for pause?
Fed watchers see potential for a pause in rate increases, but recent reports show the economy still runs hot.
Growth accelerates, but likely to be short-lived
December 13, 2022
By Nationwide Economics
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Highlights from the Monthly Review for November 2022:
It is the time of year for making lists and checking them twice, and this month’s economic review will be used for exactly that. For our purposes, economic indicators making the nice list will be those which are still driving growth (centered on consumer data), while the indicators getting a lump of coal in their stockings (including inflation and leading growth indicators) are contributing in some way to a slowdown or eventual downturn.
Economic Review
• Economic data are both naughty and nice entering the holiday season (pg 4)
Financial Markets
Market momentum builds to year-end (pg 5)
The Outlook
• The case for disinflation (pg 6)
Disclosure
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The information in this report is provided by Nationwide Economics and is general in nature and not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy. Additionally, it does not take into account any specific investment objectives, tax and financial condition or particular needs of any specific person.
The economic and market forecasts reflect our opinion as of the date of this report and are subject to change without notice. These forecasts show a broad range of possible outcomes. Because they are subject to high levels of uncertainty, they will not reflect actual performance. We obtained certain information from sources deemed reliable, but we do not guarantee its accuracy, completeness or fairness.
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