Stay updated with breaking news from Peter Hooper. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Banking giant Deutsche Bank became the first major financial institution to predict a recession. The predicts recession will follow the Federal Reserve’s plan to fight inflation with interest rate hikes. Other global banking powerhouses aren’t so sure.
As the Federal Reserve signals its intent to continue interest rate hikes to battle inflation, Deutsche Bank is the first major institution to warn a U.S. recession may be looming.
Deutsche Bank Proves Biden Administration Is Lying About Economy Predicting 2023 US Recession
Need to Know: Here’s the first Wall Street recession call of the new inflation era <!-- Need to Know April 6, 2022 V
The U.S. and its allies are also set to level another battery of penalties today, including a ban on all new investment in Russia.