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Home » Economic Update covers high-interest rate, high-inflation environment
Policy & Issues

Economic Update covers high-interest rate, high-inflation environment

August 1, 2022
DawitEU

CUNA Senior Economist Dawit Kebede discusses the latest economic and credit union system outlook in CUNA's latest Economic Update video.

Kebede also issued statements this week on the Federal Reserve's Open Market Committee meeting, and the release of GDP numbers Thursday. 

In the latest video, Kebede examines factors such as housing investments, vehicle sales, the labor market, and shifting spending preferences to answer:

  • Are we in a recession after a a second quarter of negative growth? 
  • What are the implications of the Federal Reserve's strong rate increase? 
  • How are credit unions performing in an environment in which both inflation and interest rates are high?

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Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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