When?? Next Phase of the Economic Cycle for the USA Economy

[Juan David Maldonado]

Hey,

High interest rates, economy hitting the fan, and cost of living crisis in the USA. Also, Jerome Powell and his data says there still a lot of inflation in the USA Economy. 

The economic cycle consists of phase 1 expansion, phase 2 peak, phase 3 contraction, and phase 4 recovery. A country can be stuck on a specific phase for several years. That being said with everything going on in the USA since COVID politically and economically. I believe we are in phase 3 contraction phase as a country. Hopefully things get better in the next 2 years or less. Which phase do you personally think we are in and how do you think things will improve?