Investors have been assessing the health of the U.S. economy in recent weeks amid the rising inflation and the Fed’s rate hikes to cool inflation. The market has been on a wild ride.
“There’s a lot of headfakes going on. And unfortunately, we’re not going to get a lot of clean looks at the economy, whether the U.S. economy or certainly the global economy, for quite some time because there’s just so many things that are hard to decipher,” said Michael Skordeles, senior U.S. macro strategist at Truist.
