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WRCR Market Analyst: U.S. Likely in a Recession Now

July 15, 2022 by Jeff Lewis

It’s not just the environment that’s gasping for air, the economy is, too. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says we’re likely in the throes of a recession right now…

Inflation hit 9.1 percent for June, and the producer price index, a measure of the prices received for final products, rose 11.3 percent. Groceries, according to the Consumer Price Index, have risen 12.2% over the last 12 months — the quickest pace since April 1979.

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