Breaking : Following the release of new data regarding Texas manufacturing, a Dallas FED respondent has stated that he expects, “a recession in the second half of 2023.” Moreover, “Texas factory activity declined in February for the first time since May 2020,” according to data released today.

Specifically, the Dallas FED Respondent stated: “We already had a first round of layoffs We are looking at each employee very carefully to learn who may have to be in a second wave of layoffs, if and when business slows down again.”