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Rethinking Recession Signals

Our economists discuss a new way to gauge economic health

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Strengthening the economy and our communities

Photo of Sonya Waddell

“Uncertainty and trade policy were clearly on the minds of CFOs in the first quarter CFO Survey. Not only did almost one-third of respondents report concerns about tariffs, but those respondents had notably lower optimism, lower expectations for GDP growth, lower expectations for revenue and employment growth, and higher expectations for price growth in 2025."

Sonya Ravindranath Waddell
Vice President and Economist

Federal Reserve Bank of Richmond

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May 12, 2025
Richmond Office
Richmond, VA

By the Numbers

121

community colleges across Maryland, North Carolina, South Carolina, Virginia and West Virginia participated in the Richmond Fed’s 2024 Survey of Community College Outcomes, which aims to better measure the way community colleges are serving their students and communities.

"Working for an organization that provides high-tech excellence is a rewarding opportunity and a steppingstone to furthering my career."

- Bhagya, Information Technology