💀. Pretty spot on imo. pic.twitter.com/ow19VWSsAK
— QE Infinity (@StealthQE4) May 6, 2024
Brace yourselves for an economic tsunami, as Citi’s dire prophecy forewarns a harrowing plunge into turmoil.
Key Points:
- Citi’s chief U.S. economist Andrew Hollenhorst predicts a hard landing for the U.S. economy.
- Forecast includes four Federal Reserve rate cuts due to weakening inflation and labor market.
- Recent Labor Department’s payroll report shows a significant decline in job growth.
- Consumer and business surveys signal economic distress and job market pessimism.
- Mixed economic data confound analysts, leaving little room for optimism.
Sources:
finance.yahoo.com/news/u-economy-headed-hard-landing-222148023.html
Potential Implications:
- Rising unemployment rates and job insecurity.
- Decreased consumer spending and economic stagnation.
- Heightened volatility in financial markets.
- Increased uncertainty and anxiety among businesses and investors.
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