In this episode, he takes listeners through the CUNA economists’ quarterly forecast, factors impacting inflation and supply chain issues, and how he expects the U.S. to narrowly avoid a recession.
Schenk also dives into the lending outlook for the rest of 2022, his expectations for above-average loan growth, the auto and housing markets, and how a strong labor market is affecting the economy.
In this episode:
1:10 Schenk’s current economic focuses
2:10 The financial well-being of consumers
7:53 Economic signs of optimism
9:05 An overview of the lending outlook
11:47 The auto and housing markets
12:47 The labor market
13:17 The factors causing inflation
16:45 Inflation’s impact on credit unions
18:13 Will we see a recession?
21:28 The stock market
22:59 Recapping the economic outlook