This post was originally published on this site
U.S. Heads Towards Recession – What Are the Signs? In April, Deutsche Bank became the first major bank to forecast that the United States will enter a recession period. After first predicting a “mild” recession, the bank later doubled down and warned of a “major” economic problem.
“We will get a major recession,” Deutsche Bank economists said in a client note.
The bank said that even if inflation is beginning to peak, it will take some time before it returns to the Federal Reserve’s goal of 2%.
“We regard it as highly likely that the Fed will have to step on the brakes even more firmly, and a deep recession will be needed to bring inflation to heel,” bank analysts said in a note titled “Why the coming recession will be worse than expected.”
Since then, other major analysts have predicted a recession in the United States, and the Federal
..... (Read more by following the post link below)