What the next economic recession may look like?
Strategic Wealth Partners President and CEO Mark Tepper and Kaltbaum Capital Management Gary Kaltbaum weigh in on the risk of recession and reacts to Elon Musk looking to cut 10% of Tesla’s workforce.
Recessions are notoriously hard to predict, but consensus is growing among big banks and prominent economists that a downturn is coming as the Federal Reserve amps up its war on inflation.
The Fed is hoping to achieve the rarest of economic feats as it moves into full inflation-fighting mode: cooling consumer demand enough so that prices stop rising, without crushing it so much that it throws the country into a recession. Although Fed policymakers are counting on finding that elusive sweet spot — known as a soft landing — history shows that the U.S. central bank often struggles to successfully thread the needle between tightening policy and preserving economic growth.
HOW THE FEDERAL RESERVE MISSED THE MARK ON SURGING…
