Economic & Market Outlook
“If you can walk away from a landing, it’s a good landing. If you can use the airplane the next day, it’s an outstanding landing.” — Chuck Yeager, United States Air Force Officer and record-setting test pilot
Chuck Yeager is probably best known for flying faster than the speed of sound. His characterization of a successful landing is an apt metaphor as the Federal Reserve considers the challenges posed by a resilient economy and historically high inflation. Fed Chair Jerome Powell and other Fed officials are attempting to engineer a so-called soft landing by raising interest rates enough to cool demand and tame inflation without crashing the economy.
Please find the latest edition of the PeoplesBank Wealth Management Economic & Market Outlook below for your reference.