Creighton University Economist Ernie Goss anticipates a rolling recession with commercial real estate, banking and financial sectors impacted the most, because of higher interest rates and real estate trends. Goss expects the Federal Reserve to raise interest rates by a quarter of a percent at its July meetings:
Looking ahead, Goss says to keep an eye on the yield on the 10-year U. S. Treasury Bond and the National Institute of Supply Management reading. If that reading falls below 42, it could be a clear warning signal for the manufacturing sector and the overall economy.
