- Inflation is extremely high, and the Fed is trying to combat it by raising interest rates.
- Consumer sentiment is at a more than 40-year low.
- Housing affordability is at an extreme low.
- The ratio of job openings to jobseekers is high, and the unemployment rate has returned to pre-pandemic levels.
- Wage growth is not keeping up with inflation.
- We are likely heading toward, or already in the beginnings of, a recession