Fears of a U.S. recession have again subsided this week although many economists still believe a contraction is inevitable.
A survey of economists by the University of Chicago Booth School of Business and the Financial Times found that more economists see a recession in 2024 instead of 2023.A survey of economists by the University of Chicago Booth School of Business and the Financial Times found that more economists see a recession in 2024 instead of 2023.
On the other hand, the New York Federal Reserve has a model currently predicting a 71% chance of a recession in the next 12 months, based on the level of yields of long-term bonds compared with short-term securities, a relationship known as the yield curve.
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