ACT Research’s September Forecasts Remain Unchanged, Recession Still Expected

In the latest release of its Commercial Vehicle Dealer Digest, ACT Research reported essentially unchanged forecasts from last month, as demand remains healthy, production remains constrained and freight rates and volumes managed to squeak out small improvements compared to August.

“We’re hardly at the ‘living on a prayer’ stage when it comes to our outlook, but as the old investing maxim goes: Don’t fight the Fed,” Kenny Vieth, president and senior analyst of ACT Research, said. “We believe wage inflation needs to moderate before the Fed can begin turning away from tighter monetary policy. As long as the jobs reports remains strong, the harder it may be to tame wage inflation, which may lead to more-aggressive-for-longer rate hikes and worse than expected economic outcomes. As it has been for several months, a mild recession centered in early 2023 remains our base case.”

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.