The US Is Barreling Towards a Recession, Evercore Founder Says
"We could be heading into that kind of economic softness, and that might affect credit quality and banking health."
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"We could be heading into that kind of economic softness, and that might affect credit quality and banking health."
Our most out of consensus forecast for 2023 is our call that the u.s. will avoid a recession and instead continue progressing toward a soft landing. is that how you see it, mark? >> yeah, i guess i'm outside consensus too, amara. i do think -- obviously recession risks are high. when inflation is so high and the federal reserve is raising interest rates as aggressively as they are, the risks are we will go into recession but i do think we have a fighting chance of making our way through without actually going into an economic downturn. inflation is coming in quickly. good news on oil prices an...
Good. how do you describe it? >> well, it's pretty clear, christine, the recession risks for 2023 are high. in a world of very high inflation. pointed out those and other central banks are raising interest rates aggressively. historically when you are in that kind of environment, recession follows. i think it's reasonable to be nervous and cautious about the economy next year but, you know, having said that, i think we have a fighting chance of getting through the next year without an economic downturn. feels like inflation is coming in here pretty quickly. moving in the right direction. the e...
There is a dense run of key event risk next week, from Eurozone CPI and the US PCE deflator for rate speculation to US consumer sentiment and NFPs for recession fears
Headlines around recession risks are elevated between the OECD’s forecasts and November PMIs ahead, but is that enough for a pre-liquidity drain break for capital markets?