Main Street is convinced that a recession will hit

Main Street is convinced that a recession will hit the U.S. economy this year

• On Wall Street, more than half of investment and economic professionals think the Fed’s attempt to combat inflation by raising interest rates and running off the balance sheet will eventually cause a recession.
• Fed chair Jerome Powell indicated on Wednesday his belief that a “soft” or “soft-ish” landing can be achieved without the most hawkish central bank policy decisions.
• But on Main Street, eight in 10 small business owners are convinced the U.S. economy will enter a recession this year, according to the latest CNBC|SurveyMonkey Small Business Survey.
• https://www.cnbc.com/2022/05/05/main-street-is-more-sure-than-wall-street-a-recession-is-coming.html
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