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A major recession is coming, Deutsche Bank warns

Summary by Ground News
Deutsche Bank is the first major bank to forecast a US recession. It says inflation is peaking, but it will take a long time to get back to 2%. That suggests the Fed will raise interest rates so aggressively that it hurts the economy. The good news is that Deutsche Bank sees the economy rebounding by mid-2024.
2 months ago·New York, United States

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CNN

Deutsche Bank warns of deep recession

Deutsche Bank warns of a deeper recession in the US caused by the Federal Reserve's quest to address inflation.

2 months ago·Atlanta, United States
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Bloomberg Quint

Deutsche Bank Sees 5%-6% Fed Target Rate and Deep U.S. Recession

(Bloomberg) -- The Federal Reserve is likely to need to engage in the most aggressive monetary tightening since the 1980s to tamp down an inflation rate at a four-decade high, which will lead to a deep U.S. recession next year, Deutsche Bank AG economists warned.Continue Reading. Read more on Global Economics by BloombergQuint.

2 months ago
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Newsweek

Are we heading for a recession? Why Deutsche Bank is pessimistic

The German financial powerhouse has suggested the Fed could raise interest rates sharply as it attempts to battle inflation.

2 months ago·United States
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Business Insider

The Fed will plunge the US into a major recession by hiking rates above 5%, Deutsche Bank predicts

"The risks to this outlook seem clearly skewed to the downside — for a more severe recession," Deutsche Bank's economists said.

2 months ago·United States
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Political Wire

Deutsche Bank Now Predicts ‘Major Recession’

Deutsche Bank is now forecasting "a major recession," CNN reports."The problem, according to the bank, is that while inflation may be peaking, it will take a 'long time' before it gets back down to the Fed’s goal of 2%. That suggests the central bank will raise interest rates so aggressively t

2 months ago·New York, United States
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Bloomberg

A major recession is coming, Deutsche Bank warns

2 months ago·United States
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