This isn't looking like a recession

Dear Reader, There's no doubt that people have been concerned about the possibility that the economy could soon go into recession. "Recession" has been a trending topic, according to Google Search data, peaking during the week ending April 16. Even though the possibility of a recession seems to be a significant concern for consumers, the data appears to be telling a different story. Over the past few weeks, we've seen a slew of data that shows the U.S. economy is growing strongly, thanks to financially healthy businesses and consumers. In fact, the data has been exceeding most economists' expectations. Under normal circumstances, this would be great news. But, due to supply constraints, all of this extraordinary demand has also been fueling inflation, which the Federal Reserve is currently fighting. And so, it's not surprising to learn that Fed officials have signaled their willingness to get more aggressive with monetary policy in their efforts to cool the economy. This has seemed to spark some short-term volatility in the stock market. For now, despite high inflation, rising interest rates, and geopolitical uncertainty, the economy doesn't seem to be slowing down any time soon.

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