29 Dec What does the U.S. economy look like for 2022?

As our nation continues to recover from the global economic stress that was the COVID-19 pandemic, the outlook for the economy in 2022 is still a bit of an unknown. With the development of the latest strain of the virus, however, the United States may be facing another roadblock on the path to recovery. The coronavirus has already caused a significant drop in consumer spending and business investment, both of which are critical components of GDP growth. In addition, the Federal Reserve’s recent interest rate cuts have helped support the economy by lowering borrowing costs for consumers and businesses. But with the potential for future outbreaks of the coronavirus, it seems unlikely that we will see a return to...