The Run-Down: Chief executives at some of the largest banks in the U.S. expressed worries regarding the risks of high inflation and rising interest rates at a House lawmaker hearing this week
- CEOs answered questions about new proposed federal regulations while also dodging following up on prior pushback to a potential new firearm code identifier
- Professionals claim a variety of forces that are at odds with each other may lead to an unpredictable future
- While there’s been strong consumer spending and an amass of job openings post-pandemic, this has been met with high inflation, disrupted supply chains, the war in Ukraine, and declining consumer confidence
Why You Should Care:
At this point, the state of the U.S. economy is about as unpredictable as New England weather. You might be wondering, didn’t they already post an article (okay, maybe two or three…) about this? And the answer is yes, we have! But that’s because we recognize how important it is to stay up to date with all of the never-ending changes that are hitting our industries, our economy, and quite frankly our lives, every day.
A period of unrest can be stressful. It may seem like we as a nation, or maybe even a society, are on the brink of chaos. But, this isn’t the case. Change is inevitable, it is powerful and it shows growth. You can’t predict when things will go wrong, but you can future-proof your organizations, and even your life, as much as possible.
This isn’t meant to scare you. In fact, it’s meant to empower you. Currently, the job market is flourishing. Economic opportunity is everywhere. And with the right preparation, your business will succeed.