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CFI Quarterly Trends Reports
3Q 2022 Community Financial Institution Trends By Leslie Mondesir December 13, 2022

The quest to rein in inflation continues as the Fed raised rates for a sixth consecutive time at November’s meeting.

However, the Fed’s task to orchestrate a soft landing has become increasingly difficult. Trends in other economic indicators are beginning to emerge that suggest a recession is on the horizon. But if the stubborn inflation figure doesn’t show a marked reversal of course soon, Fed rhetoric and policy may need to lean more dovish to allow prices a chance to catch up.

Following back-to-back quarters of negative growth, real GDP increased at an annualized rate of 2.5% in the third quarter of 2022, largely due to smaller increases in private inventory investment, an acceleration in nonresidential fixed investment, and an upturn in federal government spending.

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Leslie Mondesir Leslie began her career in 2009 in Chicago at an investment banking firm focused on the financial services industry. She joined FHLBank in 2016.
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