Economists Place 70% Chance for US Recession in 2023
Economists say a 7-in-10 likelihood that US economy will sink into recession next year, slashing demand forecasts and trimming inflation projections.
Economists say a 7-in-10 likelihood that US economy will sink into recession next year, slashing demand forecasts and trimming inflation projections.
Major central banks this week signaled their willingness to countenance a global recession in 2023.
Investors are concerned that too much tightening from the Federal Reserve could trigger a hard economic landing next year.
Fed now faces more subtle judgment about whether economy is strong enough to motor through even higher interest rates or is on the cusp of a crack-up.
Markets remain on edge regarding outlook for inflation, as seen in hit to stocks last week amid hotter than expected Producer Price Index (PPI).
Stock investors’ optimism around a cooling labor market and a Federal Reserve pivot is overdone, according to BofA Corp. strategists.
U.S. economy is heading into a short and shallow recession over the coming year, according to economists polled by Reuters.