The probability of a downturn in the next 12 months stands at 65%, according to a Bloomberg survey of economists.
The probability of a downturn in 2023 climbed from 65% odds in November.
Up and up and up the Fed Funds Rate goes, where and when it stops, nobody knows.
The Fed is also expected to reach a higher target range of 4.75-5% in the first quarter of 2023 and wait longer to cut rates.
The stronger the dollar gets, the more difficult it is for the Fed to keep hiking interest rates.
Fed officials will likely maintain their hawkish stance next week.
The rate path which economists expect the FOMC to lay out next week is less aggressive than the one foreseen by markets.
The discussion has turned to how much higher they now have to go and how long to stay when they get there.
Sentiment is still inflationary despite easing increases in CPI.
Surveyed economists expect the Fed to shift to quarter-point hikes the remainder of the year.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
