Kansas City Predicts 'Mild' Recession & Blames Fed Rate Hikes

Watch out . . .

When a Kansas City think tank dares to even acknowledge an economic downtown. Things might get tougher than they predicted. 

To be fair . . .

We thank these cowtown economists for talking about the impending recession if only because the newspaper stopped covering financial news, TV only has time to briefly mention the topic and most of the other local financial data is either hype or sits behind a paywall. 

Here's the damage . . .

MARC Research Services reported that the expected recession mainly will be due to the rapid rise in interest rates set by the Federal Reserve System.

The recession is expected to result in the loss of about 15,000 jobs over the course of the year and will impact the construction industry the most, according to MARC Research Services.

Read more via www.TonysKansasCity.com links . . .

Kansas City region appears headed for mild recession, according to MARC report

KANSAS CITY, Mo. - Kansas City's regional economy appears to be headed for a mild recession beginning in 2023, according to a forecast prepared by the Mid-America Regional Council's Research Services . MARC Research Services reported that the expected recession mainly will be due to the rapid rise in interest rates set by the Federal Reserve System.

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Developing . . .