Wall Street Faces Rising Recession Odds Amid War and Oil Shock
TL;DR Summary
Geopolitical tensions with Iran and rising oil prices have lifted recession risk expectations on Wall Street, with Moody’s Analytics at 48.6%, Goldman Sachs at 30%, Wilmington Trust at 45%, and EY Parthenon at 40%; economists warn the odds are elevated though not certain, driven by a fragile labor market and inflation pressures, while a diplomatic resolution or policy support could help avert a downturn.
- Recession odds climb on Wall Street as economy shows cracks beneath the surface CNBC
- We need more plumbers and fewer lawyers in AI age, says BlackRock boss BBC
- Larry Fink: Iran war has two outcomes, abundance and growth or global recession Fortune
- Top economist Mark Zandi pinpoints exactly how much oil can rise before it tips the US economy into recession Business Insider
- Niall Ferguson: Brace Yourselves. A Recession Is Coming. The Free Press
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