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Poll results

Sponsored by: GoNetspeed, a fiber internet provider

Inflation in the U.S. recently hit a 40-year high, and on Friday the consumer price index had soared 8.6% from a year earlier.

With gasoline prices over $5 a gallon, the inflation run-up could take an especially heavy toll on Maine's tourism industry. But inflation is affecting businesses of all types.

In response, the Federal Reserve recently made its biggest interest rate increase in more than two decades. Chairman Jerome Powell said additional hikes could be on the way.

Do you think the Fed's efforts to curb inflation will send the economy into a recession during 2022?
Yes, there will be a recession this year (50%, 151 VOTES)
No, but there will be a recession in 2023 (31%, 95 VOTES)
No, but there will be a 'soft landing' without a true recession (19%, 58 VOTES)
Poll Description

Sponsored by: GoNetspeed, a fiber internet provider

Inflation in the U.S. recently hit a 40-year high, and on Friday the consumer price index had soared 8.6% from a year earlier.

With gasoline prices over $5 a gallon, the inflation run-up could take an especially heavy toll on Maine's tourism industry. But inflation is affecting businesses of all types.

In response, the Federal Reserve recently made its biggest interest rate increase in more than two decades. Chairman Jerome Powell said additional hikes could be on the way.

  • 304 Votes
  • 7 Comments
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7 Comments

  • June 13, 2022

    Unless the feds stop throwing money at a pandemic that is essentially over, and allows our economy to recover and grow on its own, a recession is imminent.

  • June 13, 2022

    How can it not? Until interest rates are at or above inflation rate, speculators are going to do what speculators do. Right now, commercial borrowing rates are more than 200 basis points below the inflation rate, and that is if you are buying jet engines and all types of heavy machinery. If you need gasoline/diesel/heating oil and have to eat, inflation is 4 ties the quoted rate.