Economic Outlook for U.S. Commercial Banks

The U.S. economy has recovered from the depths of the pandemic and the Federal Reserve has unveiled plans to taper its asset purchases in the bond market, but questions about the shape of the recovery persist. Inflation has reached its highest level in 30 years, while millions of people that left the workforce since the pandemic began still have not returned to full-time employment. U.S. GDP declined in the 3rd quarter and many economists have revised their outlook for future growth downward.

Tune in for a discussion with S&P Global Ratings Chief Economist Beth Ann Bovino on the outlook for the U.S. economy in 2022. The discussion will cover the economist’s view of inflation, the labor market and wage pressures, and the potential impact those factors could have on interest rates and actions by the Federal Reserve.