The odds of the U.S. economy falling into recession by next year are greater than 50%, TD Securities said Monday, outlining three possible ways it could get hit.
Exactly when that downturn might hit is harder to predict, however.
And if the U.S. manages to weather all of that, a general slowdown could take the wind out of the economy's sails but mid- to late-2023."We haven't even hit the peak lags from gas prices, and Fed hikes really won't hit until the end of this year. That's where the peak drag is in the economy. I think that's where the near-term risk for a U.S. recession sits right now," he continued.
"There will be a recession at some point," Tatjana Greil-Castro, co-head of public markets, told CNBC, noting that the forthcoming earnings season could provide a gauge for when exactly that might occur.The comments add to a chorus of voices who have suggested that the economy could be on the cusp of a recession.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former head of school looks back -- and ahead | Faith MattersHaving stepped down as head of school at All Saints Episcopal Day School in Hoboken, Jill Singleton is revving up her active schedule, focusing on her role as a deacon in the Episcopal church.
Read more »
2023 Nissan Z Review: Classic looks and classic fun2023 Nissan Z is massively redesigned with a turbocharged V6 and more retro design. The sports car offers lots of performance for a reasonable price.
Read more »
Kershaw looks like an All-Star in Dodgers' 4-2 win over CubsKershaw put together a quality start for the Boys in Blue, striking out 10 and allowing just one earned run.
Read more »
Doctor Looks To Provide Abortions At Off-Shore Site After Roe ReversalThe Gulf of Mexico-based health clinic looks to provide abortions following the overturning of Roe v. Wade last month.
Read more »
Margot Robbie Looks Like Every LA Millennial in the Latest ‘Barbie’ Set PicsKeeping up with all the wild fashion moments from the set of the star-packed Greta Gerwig film.
Read more »