America First Report
SUBSCRIBE
  • Home
  • Type
    • America First Original
    • Cross-Posted
    • All Around the Web
  • Style
    • News
    • Opinions
    • Videos
    • Podcasts
  • About Us
    • Contact
No Result
View All Result
America First Report
  • Home
  • Type
    • America First Original
    • Cross-Posted
    • All Around the Web
  • Style
    • News
    • Opinions
    • Videos
    • Podcasts
  • About Us
    • Contact
No Result
View All Result
America First Report
No Result
View All Result
Home Type Cross-Posted

New Study Estimates 72 Percent Chance the Fed’s Rate Hikes Will Trigger Recession by 2024

by Bryan Jung
June 22, 2022
in Cross-Posted, Opinions
Recession (1)

Yes, it’s time to buy precious metals for wealth and retirement protection.

The chance that the American economy will fall into a recession by early 2024 has risen to 72 percent, according to a study published on June 15 by Bloomberg Economics.

The report came out just as the Federal Reserve made its largest hike in interest rates since 1994 in an attempt to cool down inflation. In February 2022, the same models used by Bloomberg downplayed the chance of a recession at the beginning of 2024, forecasting a nearly zero percent chance for such a decline. By March, the likelihood of a downturn had risen to an estimate of less than 20 percent.

Prepper Meds – Stock up for now before the supply chain crashes:
✔️ Boost your immune system with Nutraceutical by Dr. Zev Zelenko
✔️ Get ahead of shortages with 5 Antibiotics Delivered to Your Home
✔️ Detox your body with Organic Supplements

Consumer sentiment is at its lowest level among records dating back to 1978, Bloomberg reported, and sentiment is more pessimistic than at any time since the Great Recession of 2007–2009.

The University of Michigan economic sentiment index fell to 50.2 in June, the worse since the poll was first taken, with inflation as the biggest motive for the negative outlook.

The Federal Reserve raised benchmark interest rates by 75 basis points on June 15, following previous increases of 50 basis points and 25 basis points. Fed Chairman Jerome Powell suggested that the central bank’s next rate hike will be 50 or 75 basis points but that another 75-basis-point increase after that would not be likely.

Powell said he believes that as of now, there is “no sign” of a major economic slowdown, with his fellow central bank policymakers largely in agreement with his assessment. Meanwhile, many investors are currently betting on a poor outlook in the next several months, with stocks and bonds plunging to a low.

Gold Three Companies

The S&P 500 is down about 20 percent from its January 2022 high, while the average mortgage rate has almost doubled to 6 percent, the highest rate since 2008.

Inflation Hitting ‘Main Street’

Many households are suffering from rising grocery, gas, and utility bills, with some dipping into their savings and retirement funds to make ends meet amid the highest rate of inflation in more than four decades. The Biden administration, which is taking criticism for its handling of the U.S. economy, is pointing to and echoing the Fed’s assessment.

“We have problems that the rest of the world has, but less consequential than the rest of the world has because of our internal growth and strength,” said President Joe Biden in Tokyo on May 23.

“This is going to be a haul. This is going to take some time,” he said.

Preppers won’t eat frankenmeat or bugs for protein. They’ll eat long-term storage chicken from Prepper Organics. They’ll save $50 per bag with promo code “survive2030”.

Many Democrats fear a rout in the upcoming 2022 midterms, while Biden is facing a tough 2024 reelection bid if the economy continues at the current trajectory.

The administration is looking at various solutions, including a windfall tax on oil profits, a rapprochement with the Saudis for more oil, and a pledge to remove the Trump-era tariffs against China to lower import costs.

White House officials have repeatedly denied that rising inflation is a result of the administration’s policies and have at times blamed the Russians, the CCP (Chinese Communist Party) virus, commonly known as the novel coronavirus, the recent Chinese lockdowns, U.S. oil companies, and even former President Donald Trump for the financial woes facing Americans.

The administration has also stated that the economic models cited have projected widely varying results and that the health of the American economy is better than it appears to be.

Biden has touted the 3.6 percent unemployment rate as a success of his economic policies after two years of CCP virus-related lockdowns and government mandates, which put more than 20 million Americans out of work. However, the president’s June 2022 approval rating is at an all-time low of 38.9 percent, according to the same University of Michigan poll.

The White House is currently betting that there will still be time for an economic upswing after it hits a recession in early 2023, before the 2024 presidential election.

Image by Gerd Altmann from Pixabay. Article cross-posted from our premium news partners at The Epoch Times.



Important Article: Why Everyone, Prepper or Not, Should Build Up Their Food Supply Immediately

Why We “Moderate” a Commentor’s First Post

Tags: EconomyLederecessionThe Epoch TimesTop Story
Next Post
Something Strange Happened in Georgia: Vernon Jones Is Latest Trump-Endorsed Candidate to Lose Run-Off Election in Peach State — A Clean Sweep for Never-Trump

Something Strange Happened in Georgia: Vernon Jones Is Latest Trump-Endorsed Candidate to Lose Run-Off Election in Peach State — A Clean Sweep for Never-Trump

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Bypass Big Tech Censors



My Shows

The JD Rucker Show (Rumble)
The JD Rucker Podcast (Apple)
Red State Talk Radio (M-F 2pm ET)
America Out Loud (M-F 7pm ET)
America First Report (Substack)
The Late Prepper (Substack)
End Medical Tyranny (Substack)

Our Sponsors

 
MyPillow Promo Code

MyPatriotSupply

Z-Stack Life

Precious Metals

Shows

Vaccine-Hesitancy, Ukraine Biolabs, and Jason Nelson Exposes the World to the Chicken and Egg Crisis

Laura Loomer and Why the GOP Establishment Must Be Taken Down

Kristi Leigh: How Corporate Media Sells False Narratives

Mike Pence, Volodymyr Zelensky, and the Failing Deep State

The Bold Conservative Christian Worldview of Bryson Gray

Dean Cain, Jonathan Rose, Kari Lake, and Davos on The JD Rucker Show

Edward Dowd Reveals Who He Thinks Is Behind "Vaccine" Turmoil (Hint: It's NOT Big Pharma)

More People Are Dying Suddenly and 'Normies' Are Finally Taking Notice

Are the Masses Finally Waking Up to "Vaccine" Dangers?

Bypass Big Tech Censors

  • About Us
  • Contact
  • Home
  • Privacy Policy
Site Operated By JD Rucker.

© 2022 America First Report.

No Result
View All Result
  • Home
  • America First Original
  • Cross-Posted
  • All Around the Web
  • News
  • Opinions
  • Videos
  • Podcasts
  • About Us
  • Contact
  • Privacy Policy

© 2022 America First Report.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?