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Bloomberg: US recession rises to 70% in 2023
Bloomberg poll of economists have increased the chance of a recession to 70% from 65% in November. That is also double from the level 6 months ago.
As the Fed adds to the restrictive policy AND raises the terminal rate, it pushes the market toward the hard landing scenario.
Fed officials are technically not in a black out period, but of course we are heading into the holiday season.
The next Fed meeting will not be until February 1.
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Posted: Dec 21 2022, 20:17
Author Name: forexlive
Views: 102163
