Even if the situation is unlikely to be severe and warned that investors are facing difficult times.
“Right now, the US economy is at 50 percent risk of a recession,” Gorman said at a Morgan Stanley conference after last month. he predicted that The US economy has less than 50% chance of a recession.
The S&P 500 index entered a bear market on Monday after falling more than 20 percent from a record close on Jan. 3 as investors feared a possible recession.
However, executives speaking at Morgan’s financial industry conference Stanley revealed that US consumers and companies remain financially sound. This will help the economy recover from the contraction and protect the banks from the effects of the contraction.
Analysts, including Barclays and Capital Economics, had forecasts. The Federal Reserve will raise interest rates by 0.75% at its June 14-15 meeting after the US consumer price index (CPI), a measure of inflation based on consumer spending, jumped. 8.6% in May year on year That was the highest level in more than 40 years and beat analyst expectations of 8.3%.
As for the possibility of accelerating the policy rate hike to curb inflation, the Fed causing fear that it will hold back the economy Investors sell risky assets and buy safe haven assets, such as the US dollar.
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