U.S. dollar bill with negative stock values printed on it Source: Shutterstock.

CUNA said it expects a recession next year that will be mild enough to put only a small dent in credit union income.

CUNA Senior Economist Ligia Vado said in the group’s most recent Economic Update that the economic team’s recession prediction is based, in part, on the Fed’s rapid increase in the federal funds rate this year to tame inflation.

Jim DuPlessis

A journalist for decades.

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