Capital Markets Summer 2022: Revealing Recession Patterns
III
High Inflation Hurting Confidence Economic Crosscurrents
• High prices and interest rates have driven down confidence levels amongst consumers and business executives which is likely to weigh on future spending, in our view
I
II
Businesses Are Worried
Consumer Confidence Hit Record Low
60
130
III
120
40
110
20
100
0
IV
90
-20
80 Index
-40 Conditions
70
-60
V
60
Current Economic Conditions
-80 Outlook for General Business
50
Source: University of Michigan (Current Economic Conditions show how U.S. consumers assess current economic conditions in the country; the index is calculated monthly), and National Federation of Independent Business (component of the NFIB Small Business Optimism Index, which is a monthly survey of small and independent business owners). As of 6/30/22.
18
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