June 17, 2022 — Even before the Federal Open Market Committee of the Federal Reserve (Fed) hiked its target interest rate by 0.75% this week, there was plenty of debate on whether the U.S. economy is heading toward a recession or able to avoid one.
In June’s Capital Perspectives, “Battle of the Bulls vs. the Bears,” we spotlight the question with which investors are now grappling: Can the economy withstand the twin burdens of high inflation and tightening monetary policy to avoid a recession within the next 12–18 months? The answer is not so simple.We share our views on the likelihood of an economic soft landing, which depends on understanding whether inflation has peaked and how quickly it will decelerate.
On behalf of the entire investment team at Wilmington Trust, I would like to welcome our new clients, formerly of People’s United Advisors, a part of People’s United Bank, to our monthly flagship publication.I was fortunate enough to spend much of spring break with my wife and two daughters on a boat. Our family has a lot of experience sailing, so we feel very at home on the water, but I strangely developed an acute case of land sickness when I returned home.