Forecasters see growing chance of a recession as Fed hikes rates this year to fight inflation

Posted on AllSides March 15th, 2022
From The Center
Jonathan Ernst | AFP | Getty Images

Forecasters have raised their outlooks for a recession and boosted their inflation projection as the Federal Reserve faces the quandary of fast-rising prices and greater uncertainty from Russia’s invasion of Ukraine, according to the latest CNBC Fed Survey.

The probability of a recession in the U.S. was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey. The chance of a recession in Europe stands at 50%.

Read full story
Some content from this outlet may be limited or behind a paywall.

CNBC

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
106299/83977
See full bias rating for CNBC
Learn about media bias
https://www.cnbc.com/2022/03/15/forecasters-sees-growing-chance-of-a-recession-as-fed-hikes-rates-this-year-to-fight-inflation.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right