“The U.S. Economy Will Enter A Mild Recession In H1 2023.”
Christian Nolting (Deutsche Bank) | The yield on 10-year U.S. Treasuries peaked in mid-June, then fell sharply in July before rising again in August. The decline for Treasuries with shorter maturities was less pronounced in July, causing the yield curve to invert, which many investors regard as a precursor to recession. We forecast that the U.S. economy will enter a mild recession in H1 2023. Whereas growth concerns have been…