US Recession Odds Climbing – New Forecasts As High As 99%

TL;TD:

A new forecast from Haver Analytics predicts a 99.3% chance of a recession in the United States. Recession estimates have never been this high. Consumer spending remains vulnerable, which may lead to a contraction in the economy.

Facts

• 📉 A new forecast expects a 99.3% chance of a recession in the United States.
• 📈 Recession estimates have reached unprecedented levels.
• 💰 The Federal Reserve’s monetary policy is a primary reason for the high recession probability.

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