Michigan Business Beat | PNC's Monthly National Economic Outlook for July

Chris Holman speaks with Kurt Rankin, Vice President and Economist for The PNC Financial Services Group, Pittsburgh, PA, headquarters. Their topic covers PNC just releasing its monthly National Economic Outlook for July, which can be accessed: https://www.pnc.com/content/dam/pnc-com/pdf/aboutpnc/EconomicReports/NEO%20Reports/2021/NEO_July2021.pdf The National Bureau of Economic Research announced that the recession ended in April 2020. The Delta variant of the coronavirus does not change the economic outlook. The U.S. economy will continue to expand strongly through the rest of 2021 and throughout 2022. Strong growth in consumer spending, housing, business investment, and exports will drive growth. PNC now expects the Federal Open Market Committee to raise the federal funds rate in mid-2023. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN’s YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/