The Marriner S. Eccles Federal Reserve Board building in Washington on March 16, 2022. (Saul Loeb/AFP via Getty Images) Commentary
Recession odds have climbed considerably since Jerome Powell’s testimony before Congress and the latest FOMC meeting. However, the recent failures of Silicon Valley Bank (SVB) and Credit Suisse (CS), as higher rates impact regional bank liquidity, also added to the risks.
This isn’t the first time we have warned the aggressive rate hiking campaign would either cause a recession or “break something.”• A “Soft Landing” Scenario – Possibility Or Fed Myth • “No Landing” Scenario At Odds With Fed’s […]
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