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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
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 in her current role.
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