As we enter July, Central bankers are pretty worried about the next few months.
And there’s good reason to be. The rate hikes over the past year aren’t doing enough to counter inflation, but at the coalface, people are really starting to struggle.
There’s a weird paradigm going on in the global economy and no one can explain why.
Wall Street has been scrutinising key data that signals a resilient economy despite recession fears.
Meanwhile central bankers have been meeting in Europe, trying to figure out what’s likely to happen next.
Every Western economy is facing the same problem, and every Western leader is being asked the same questions.
Why did this happen and when will it end?
People are paying way more in interest repayments, putting a squeeze on small businesses.
And yet, the economy remains resilient.
Here’s how it’s been looking for US borrowers, and the same is happening around the world. #featured #home #fed reserve #economy
