Preparing for a Mild Recession: Lessons from History and Metrics to Watch
TL;DR Summary
The Federal Reserve's forecasters believe a mild recession is imminent after recent turmoil within the banking system, according to minutes from the Fed's March meeting. Even a "mild" recession could have severe implications for the economy and the stock market, with JPMorgan strategists warning that it could cause stocks to crater by about 15%. A mild recession could also cause the unemployment rate to spike, with projections showing officials expect unemployment to rise to 4.6% by the end of next year, up from the current rate of 3.5%.
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- The U.S. will undergo 'a very, very mild recession,' economist says Yahoo Finance
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