Home » Economy » Worried about a recession? Wells Fargo says to watch for this telltale sign
Worried about a recession? Wells Fargo says to watch for this telltale sign
US economy won’t fall into recession: Chief market strategist
LPL Financial chief market strategist Ryan Detrick discusses the markets ahead of the March core personal consumption expenditures.
With the Federal Reserve taking an increasingly hawkish approach to tackling the highest inflation in 40 years, a growing number of Wall Street banks are forecasting an economic recession in coming years.
Goldman Sachs, Deutsche Bank and Bank of America are among the firms predicting an economic downturn within the next two years as a result of the Russian war in Ukraine, soaring consumer prices and aggressive monetary policy tightening.
ONE OF BIDEN'S FAVORITE ECONOMISTS SEES A HIGH CHANCE OF RECESSION IN NEXT 2 YEARS
But recessions are notoriously difficult to predict: One telltale sign that consumers should watch for, according to a recent Wells Fargo analysis, is an inversion of the slope between the 10-year Treasury yield and its 1-year counterpart. That has not happened since March 2020, shortly before the COVID-19 pandemic shut down a broad swath of the economy and triggered a recession.