Financial Institutions Series: Ghost of Recessions Past: Is History Repeating Itself?
9:00 A.M. – 10:00 A.M. EST
Session Summary: The market may be popping the champagne corks on a soft landing too early. To be sure the labor market and consumer spending remain unexpectedly resilient in the face of rising rates, but at this stage of the hiking cycle they always are. With credit card/auto delinquencies ticking up, banks tightening their lending standards, pandemic related excess savings all but gone and a still inverted yield curve, a recession seems to be the path of least resistance. Join Dimitri Delis, Ph.D. from the Piper Sandler Financial Strategies Group to hear how the looming credit crunch will impact the economy and why recessions always occur after the Fed starts cutting rates.
1 hour of CPE will be offered for this webinar. Details on registration page.