The US economy will grind to a halt in the 2nd half of 2023 and the following year won't be much better, BofA says as it slashes its growth forecast

Business Insider ^ | 6/20/22 | Brian Evans

[DoodleDawg]

Considering everything occurring, I expect long and deep.

I tend to agree with you on that as well. The causes of inflation are unlike those we've faced in the past so historical methods of combating it, interest rate increases, may not be effective. One tool used to combat past recessions is to decrease employment, but we're in an abnormally tight job market currently. In many ways the Fed is winging it so add in a learning curve and a longer recession makes sense. Depth remains to be seen but I would think it would be deep rather than shallow.

[EEGator]

I hope we’re both wrong, but I don’t think we are.

[DoodleDawg]

I hope we’re both wrong, but I don’t think we are.

Time will tell but like you I'm not optimistic.

[reed13k]

I think it will be sooner then that

[fuente]

They’re a year off. We are in recession now.

[Sirius Lee]

We are in recession now.

They aren't going to admit it until the Republicans take the house and senate so that they'll be able to blame them.

[Sequoyah101]

They will be late by 1/2 year or more.

Politically made, politically manipulated.

However, I think they shot themselves in the foot.

[minnesota_bound]

#29 The FED has stated another rate increase in July.
It may be .50 but could be .75 now like the June rate increase.

With elections coming I do not think the democrats want another.

[NetAddicted]

Exactamundo!