It appears as if U.S. economists may have popped the champagne corks on a soft landing too early—at least, according to Deutsche Bank.
The German multinational bank's top research team believes Washington has sparked a boom-bust cycle that now is nearing its end stage. In its house view, the recession slated to arrive as soon as October is the inevitable consequence of a series of aggressive rate hikes designed to extinguish the very flames of inflation that policymakers ignited through their own actions during the COVID pandemic.
