Category: Global Recession

The Fed will hike rates too far and tip the global economy into a recession, survey of economists says

Newsbreak 5 months ago in Around The World, CPI, Debt Crisis, Fed Funds Rate, Fed rate hikes, Global Recession, Inflation, inflation 2022, inflation falling, Markets, MI Exclusive, Monetary tightening, Recession, recession prediction, Stagflation 0

Fed Chairman Jerome Powell. Reuters/Joshua Roberts The Fed is predicted to hike rates too far and tip the global economy into a recession, based on Bloomberg’s survey of economists. Three-quarters see a US recession inside the subsequent two years, and two-thirds see a global recession in that very same timeframe. Economists additionally see the Fed lifting benchmark rates to 4.75%-5% by early 2023. The Fed…