The Federal Reserve is committed to hiking rates until inflation falls to its target level of 2%. The Fed's aggressive monetary policy tightening has raised the odds of a recession.
According to the Measure of CEO Confidence survey, 98% of CEOs are preparing for a U.S. recession in the next 12 to 18 months. Citadel CEO Ken Griffin said, "Everybody likes to forecast recessions, and there will be one. It's just a question of when and, frankly, how hard."
