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Recession Odds Jump as the Fed Crushes Consumers

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Recession Odds Jump as the Fed Crushes Consumers
The Marriner S. Eccles Federal Reserve Board Building in Washington on March 16, 2022. Saul Loeb/AFP via Getty Images
Lance Roberts
Updated:
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Commentary

Recession odds have climbed considerably since Jerome Powell’s testimony before Congress and the latest Federal Open Market Committee meeting. However, the recent failures of Silicon Valley Bank (SVB) and Credit Suisse as higher interest rates impact regional bank liquidity also added to the risks.

Lance Roberts
Lance Roberts
Author
Lance Roberts is the chief investment strategist for RIA Advisors and lead editor of the Real Investment Report, a weekly subscriber-based newsletter that covers economic, political, and market topics as they relate to your money and life. He also hosts The Real Investment Show podcast, and his opinions are frequently sought after by major media sources. His insights and commentary on trends affecting the financial markets earned him a spot in the 2020 Refinitiv Global Social Media 100 influencers list.
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