Early Recessions and Interest Rate Decisions: A Double Whammy for the Economy As the House recesses early and the Federal Reserve prepares to announce its interest rate decision, many economists are bracing themselves for a double whammy that could significantly impact economic growth and stability.
An early recession coupled with rising interest rates can have far reaching consequences for businesses, households, and policymakers alike.
Understanding the Implications of Early Recessions on the Economy An early recession is defined as a decline in economic output lasting less than a year.