is on track for its first genuine policy-led boom-bust cycle in four decades, induced by a significant increase in the money supply over 2020–21, unleashing high inflation and an aggressive policy response,” Deutsche Bank’s head of global economics and thematic research, Jim Reid, and chief economist, David Folkerts-Landau, wrote in a Monday research note. Still, despite the recent positive news, Deutsche Bank’s top minds continue to believe a recession is inevitable after the Federal Reserve’s historic policy shift.
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