Recession: Are We There Yet?

July 14, 2022
Investors are faced with an overload of data on jobs, inflation, energy prices, housing and more. But does it all add up to a recession?
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After you listen

"Recession" is the word of the hour—no matter the hour. We are all watching and listening to find out what the Fed will do next, if it will make a difference, what's happening with jobs and wages, where interest rates and prices could be going, and when our portfolios might make a turnaround.

Kevin Gordon, a senior investment researcher with the Schwab Center for Financial Research, joins Mike Townsend to discuss the nature of recessions, what measures Schwab is watching, and why they matter when assessing where we stand. Kevin also shares insights on how the economic downturn is impacting the U.S. housing market, the bottom lines of corporations, and the financial system overall. He also offers some thoughts about how nervous investors can remain grounded during this period of economic and market uncertainty.

Mike also gives an update on the momentum that is building with Senate Democrats and the White House as they try to pass their long-stalled economic package, along with new developments in the tax plan they are considering to offset some of their spending priorities. He also reports on the Senate's continuing progress on retirement savings legislation.

WashingtonWise is an original podcast for investors from Charles Schwab.

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