{"id":3184,"date":"2023-01-03T06:22:11","date_gmt":"2023-01-03T12:22:11","guid":{"rendered":"https:\/\/ustower.net\/?p=3184"},"modified":"2023-03-15T02:13:04","modified_gmt":"2023-03-15T07:13:04","slug":"two-thirds-of-economists-at-biggest-banks-predict-a-recession-in-2023-warning-signs-include-dwindling-pandemic-savings-decline-in-housing-market-and-tightening-lending-rules","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=3184","title":{"rendered":"<strong>Two-thirds of economists at biggest banks predict a recession in 2023: Warning signs include dwindling pandemic savings, decline in housing market and tightening lending rules<\/strong>"},"content":{"rendered":"<p>Most economists at primary dealers are predicting US recession in 2023<br \/>\nIt follows historic rate tightening from the Fed to combat soaring inflation<br \/>\nAmericans have drained much of the excess savings built up during pandemic<br \/>\nHigher interest rates have cooled spending a put a dent in the housing market<br \/>\nTwo-thirds of economists at the largest US financial institutions believe a recession will occur in 2023, according to a new survey.<br \/>\nThe\u00a0Wall Street Journal\u00a0survey of 23\u00a0primary dealers, the large financial firms that do business directly with the\u00a0Federal Reserve, found a majority expect a recession in the coming year.<br \/>\nAmong the top economic concerns cited included dwindling personal savings, the decline in the housing market, and tightening lending standards at many banks.<br \/>\nt follows the Fed&#8217;s rapid rate hikes to battle soaring\u00a0inflation\u00a0last year, which saw the benchmark rate rise from near zero in March to a range of 4.25 percent to 4.5 percent by the end of the year.<\/p>\n<p><a href=\"https:\/\/www.dailymail.co.uk\/news\/article-11592683\/Two-thirds-economists-biggest-banks-predict-recession-2023.html\">Dailymail<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most economists at primary dealers are predicting US recession in 2023 It follows historic rate tightening from the Fed to combat soaring inflation Americans have drained much of the excess savings built up during pandemic Higher interest rates have cooled spending a put a dent in the housing market Two-thirds of economists at the largest [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3323,1294,1907,1252,3322,1908,2496,1168],"class_list":["post-3184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-big-banks","tag-dec","tag-economists","tag-inflation","tag-real-estate","tag-recession","tag-savings","tag-third"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/3184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3184"}],"version-history":[{"count":3,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/3184\/revisions"}],"predecessor-version":[{"id":7553,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/3184\/revisions\/7553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/3176"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}