U.S. economy's resiliency being set up to 'fade' in H2 2023: Economist▼

Business

Published 73d ago

<p>The U.S. economy is facing challenges from several headline events — including an imminent government shutdown and labor and energy pressures — while still facing down a possible recession. PIMCO Managing Director and Economist Tiffany Wilding joins Yahoo Finance Live to discuss the U.S. economy&#39;s outlook amid the multitude of headwinds.</p> <p>&quot;The United States core PCE inflation was actually around 6% when the Fed started hiking interest rates,&quot; Wilding explains. &quot;Looking back in time, when you&#39;ve had rate hiking cycles that have started like that... it doesn&#39;t tend to end with the economy expanding — it tends to end unfortunately in some sort of recession. Now that recession could be mild.&quot;</p> Source