US: Recession odds climb on Wall Street as economy shows cracks beneath the surface | Crypto Craft

  • US: Recession odds climb on Wall Street as economy shows cracks beneath the surface

    From cnbc.com

    Federal Reserve Chair Jerome Powell last week pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor may face a tougher challenge, as Wall Street forecasters raise their expectations of recession, brought on in part by the Iran war and potential for higher prices. In recent days, economists have pulled up their risk assessments of a U.S. contraction amid heightened uncertainty over geopolitical risk and a labor market that for the past year has shown strains. Moody’s Analytics’ model has raised its recession outlook for the next 12 months to 48.6%. Goldman Sachs boosted its ... (full story)

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