PHILADELPHIA, May 19, 2022 (GLOBE NEWSWIRE) — From the second quarter Phoenix Management “Lending Climate in America” survey results reveals supply chain disruptions and continued inflation to be the biggest concerns for consumers and the U.S. economy.
Phoenix’s Q2 2022 “Lending Climate in America” survey asked lenders to identify that greatest risk to the U.S. economy. Fifty-six percent of the lenders surveyed believe supply chain disruptions will be the greatest risk to the U.S. economy. Of the lenders surveyed, twenty-two percent believe federal reserve policy will be the greatest risk, while 17% believe rising interest rates will be the greatest risk to the U.S. economy. Five percent of lenders stated that tight labor markets will be the greatest risk.
The impact of continued skyrocketing inflation is causing businesses to pass on the rising costs to the consumers. When asked, whether we will start to see…
