Technical Analysis

Bloomberg: US recession rises to 70% in 2023

Chance of recession has moved up to 70% from 65% last month.

Bloomberg poll of economists have increased the chance of a recession to 70% from 65% in November. That is also double from the level 6 months ago.

As the Fed adds to the restrictive policy AND raises the terminal rate, it pushes the market toward the hard landing scenario.

Fed officials are technically not in a black out period, but of course we are heading into the holiday season.

The next Fed meeting will not be until February 1.

FOMC meeting minutes

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