Watch the latest outlook with Dr. Ed Seifried, economist, university professor and nationally recognized speaker and author. In his presentation, Dr. Seifried shares insights and reactions following the release of major economic reports. Highlights include:

• History indicates the probability of recession increases when short-term rates become higher than long-term rates (inverted yield curve).
• Producers should budget for interest rates to rise by approximately 3% if the Fed responds to inflation as they have in the past.
• Growth rate of near zero for first half of 2022 is a challenging place to start to stay optimistic for a “soft landing.”
• Mortgage rates already increasing in light of the Fed’s balance sheet reduction plan set to begin in June.