The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear.
A couple days later, our newsdesk explained how the hedge fund manager Michael Burry believes the U.S.
In a note sent to investors this week, Goldman Sachs’ chief economist Jan Hatzius detailed Goldman’s forecast and the probability of the U.S.
“Our analysis of historical G10 episodes suggests that although strong economic momentum limits the risk in the near-term, the policy tightening we expect raises the odds of recession.
“Taken at face value, these historical patterns suggest the Fed faces a narrow path to a soft landing as it aims to close the jobs-workers gap and bring inflation back towards its 2% target,” Hatzius added.
So the Fed is going to be in a very difficult place a year from now as inflation still remains high and it starts to pinch on both the markets and the economy.
The well known financial expert John Mauldin is predicting an economic downturn as well, as he recently explained that he would not be surprised if the stock market crashed by 40%.
Mauldin remarked on how the 2-year Treasury yield recently surpassed the 10-year Treasury yield, which recorded an inverted yield curve.
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As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S.
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