This is in line with the timing of the domestic financial crisis (from July, 1998 to January, 1999) and the economic recession (from July, 2000 to September, 2001), as more reported cases of financial distress and Conclusions The literature on financial intermediation has focused increasing ...
“The resilience of U.S. consumer spending and other tailwinds has helped the economy have a stronger start to 2023 than expected, impacting business leaders’ conviction of a recession occurring this year,” said Ginger Chambless, Head of Research, JPMorgan Chase Commercial Banking. “Still, bu...
The overall economy has nevertheless powered ahead. Hiring has remained healthy, confounding economists who had forecast that the spike in rates would cause widespread layoffs and a recession. Consumer spending keeps growing at a healthy rate. And the U.S. unemployment...