U.S. Economic Outlook for 2022
Based on the median policy rate prediction provided at the June FOMC meeting, it is anticipated a slowdown in the U.S. economy in 2022–2023. Real earnings will be safeguarded and growth will be sustained over the medium term with the support of price stability and reduced inflation. The US economy accelerated into 2021, but the combination of growth and global supply chain bottlenecks drove inflation higher than planned. Interest rate increases were set for March 2022, which are expected to chill the economy. What Kind of Economy Does the United States Have? The American economy is a mixed one. Although it often intervenes in the market, such as through the Federal Reserve's quantitative easing initiatives, the United States administration promotes free market activities. ...