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Economic outlook

Q3 2022 Economic outlook: It will be a grind

The Fed is once again faced with tough choices amid waning consumer sentiment and rising inflation. We examine key indicators to help determine if and when the U.S. may enter a recession.

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July 13, 2022 | 15 minute read

It’s the question on everyone’s mind: Is the U.S. entering a recession? A grim backdrop will only be intensified in Q3 as economic and policy uncertainty increase. In our economic outlook, we assess recession indicators, inflation, Fed policy and more to help outline the trajectory for growth in the coming months.

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Andrew Korz, CFA

Executive Director, Investment Research
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Lara Rhame

Chief U.S. Economist + Managing Director
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