KEY POINTS
- Economists have penciled in a recession in their forecasts for next year, but views vary on the timing and severity.
- What they do agree on is that the Federal Reserve’s interest rate policies will be the trigger for the recession, while it was the central bank that rode to the rescue after the last two downturns.
- “Usually recessions sneak up on us. CEOs never talk about recessions,” said economist Mark Zandi of Moody’s Analytics. “Now it seems CEOs are falling over themselves to say we’re falling into a recession. … Every person on TV says recession. Every economist says recession. I’ve never seen anything like it.”
Read detailed analysis by Patti Domm
