(OPINION) Deutsche Bank has said the US economy is heading for an earlier recession than the investment bank previously expected, which will drive up unemployment by almost two percentage points according to a new report from Market Insider . Since the Federal Reserve raised interest rates by 75 basis points last week — for its biggest hike since 1994 — Wall Street analysts have downgraded their forecasts for the US economy.
Deutsche was the first major bank to predict a US recession in April. It has been followed by others such as Nomura, and many more analysts have since said […]
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