Manufacturers' outlook dims as recession fears grow
The Fed wants to see ‘economy slow down’: WSJ reporter
Nick Timiraos, the chief economics correspondent for The Wall Street Journal, provides insight into how the Fed is handling soaring inflation.
U.S. manufacturers' sentiment declined in the second quarter of 2022 as companies grappled with soaring inflation, worker shortages and supply chain struggles.
While optimism for their own businesses still remained strong, leaders expressed concerns over the economy as a whole and doubts about the Federal Reserve's ability to avoid a recession.