It'll take a lot to push this stubbornly strong economy into recession 💪
A downtick in demand isn't enough to offset major tailwinds 💨
We got an interesting and telling piece of economic data on Friday.
Industrial production activity in March rose 0.9%, according to Federal Reserve data. This followed a strong 0.9% growth rate in February and 1.0% rate in January. It also surprised a lot of economists: The consensus forecast was for growth to decelerate to 0.4%.
So, what’s happening?