Detroit Free Press: Sung Won Sohn, a finance and economics professor at Loyola Marymount University, said slowdowns that hit specific industries or communities are already taking place. Rolling recessions, he said, exist in housing, parts of the tech sector and are likely to hit the auto industry in the future. A rolling recession is when industries or communities get hit by a slowdown and the entire U.S. economy doesn’t slump all at once.
Source: Detroit Free Press
Fed Raises Interest Rates for the 10th Time: What It Could Mean for Recession Concerns
