Deutsche Bank predicts US recession in 2023 due to Fed rate hikes

An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.

“We no longer see the Fed achieving a soft landing,” Deutsche Bank economists led by Matthew Luzzetti said in the analyst note. “Instead, we anticipate that a more aggressive tightening of monetary policy will push the economy into a recession.”

FED RAISES INTEREST RATES FOR FIRST TIME IN 3 YEARS, PROJECTS 6 MORE HIKES AS INFLATION SURGES

The analysis comes as the Fed takes a more hawkish approach to fight inflation, which is at the highest level since 1982. Policymakers raised rates by a quarter-percentage point in March, and have since signaled support for a faster, half-percentage point increase at their May meeting.

By NC ScoutPublished On: April 9, 2022Categories: UncategorizedComments Off

About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .