Why a US recession is probably coming

New York CNN —

Want to know what the future holds for the US economy? You’ll have to consult your crystal ball.

But if that doesn’t work, Jake Jolly, head of investment analysis at BNY Mellon Investment Management, has outlined three possible scenarios, each considering the impact of the banking crisis, the “stickiness” of inflation, and the path of rate hikes by the Federal Reserve.Each year, Jolly and his team debate scenarios for the economy going forward. Once they come to an agreement on what could happen, they aggregate and build charts that show the balance of risks across economic variables […]

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