Here are the essential highlights from last week and some important economic news articles you need to read, in order to keep a pulse on the market.
As entrepreneurs we also need to be a economists. We can't afford to burry our heads in the sand.
- Inflation remains stuck around 5%.
- The Fed has paused unless inflation remains stuck, then the Fed might keep hiking.
- The banking crisis is contained to relatively small banks that don't threaten another Great Financial Crisis.
- The economic data confirms what the Fed, economists, bond market, CEOs, and Warren Buffett expect, a mild recession is likely starting in about 1 to 2 months.
- The stock market will likely fall 17% to 33%, possibly during the looming debt ceiling showdown (June 1st).
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