Despite the Warning Cries, Major Bank Execs Currently Only Expect "Mild" Recession
In recent weeks there have been numerous warnings from analysts and economists that the U.S. economy is headed toward a recession in 2023 or maybe 2024.
The yield curve is now the most inverted it's been in decades, which is usually a flashing sign that a recession is imminent.
But there still seems to be debate about the severity of this looming recession and what it might bring. While some are forecasting doom and gloom scenarios, major bank CEOs said at a recent conference that they are currently only expecting there to be a "mild" recession. Here's why.
Source Fool.com
