In a US Senate testimony, Federal Reserve Chairman Jerome Powell mentioned it’s “definitely a risk” that the central financial institution’s inflation-fighting efforts could lead on it to boost rates of interest excessive sufficient to trigger a recession.
It’s not like anybody nonetheless wants a lot persuasion in regards to the threat of a downturn. A number of current headlines from the editors at Bloomberg:
- “Musk, Roubini and Goldman Warn of Rising US Recession Danger”
- “Deutsche Financial institution, Citi See 50% Recession Probability as Charges Rise”