US Recession: Imminent or Overblown?

Deutsche Bank's chief economist, David Folkerts-Landau, warns that the US is headed for a hard landing and a recession due to the Federal Reserve's rapid sequence of interest rate hikes. Folkerts-Landau's team predicts that the Fed will create a further drop in inflation, leading to a recession that will prompt them to cut rates by March 2024. The Deutsche Bank analysts suggest that AI could be the one source of growth for the US in otherwise stagnant economic conditions. Legendary investor Stanley Druckenmiller believes that AI could continue to outperform the rest of the stock market if the companies involved can show signs of sustained growth in a recessionary environment.