Hello ladies and gents ,
We have a breaking news for today :
Bank of America analyst warns about a " recession shock " coming .
1.Michael Hartnett, said the Federal Reserve’s plan to raise interest rates to bring down the highest inflation in 40 years will lead to shockwaves across the economy
2.He said cash could outperform bonds and stocks, signs of a coming recession
3.Deutsche Bank became the first to predict a U.S. recession for late 2023
4.Deutsche also predicted that unemployment rate would increase by 1.5 percent, bringing the total out of a job to 5.1 percent
5.While the Fed plans to bring interest rates up to 2 percent by the end of the year, the bank predicts the rate to go up to 3.5 percent in 2023
6.It comes as the U.S Treasury’s 2-year yield surpassed the 10 year-yield momentarily last week, a precursor to every US recession
Good vibes from the Valuto Team !
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