First Wall Street bank to call a U.S. recession now sees chance that inflation fails to decelerate

MarketWatch/Vivien Lou Chen/6-29-2022

photograph of a train light at the end of the tunnel

“Financial markets may be ill-positioned for such an outcome and, if that scenario pans out, investors and traders may be in for further rounds of tumult similar to those of the first half — with some seeing a growing risk the Federal Reserve could be perceived as having lost control of inflation.”

USAGOLD note: Deutsche Bank is forecasting the worst-case scenario for the Fed – runaway stagflation, and the appearance that it can’t do anything to stop it. That light at the end of the tunnel? It’s a train.

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