07-11-2022, 09:21 PM
- The odds of the U.S. economy falling into recession by next year are greater than 50%, TD Securities said Monday.
- Outlining three potential risks, the investment bank named rising gas prices, a hawkish Federal Reserve and a generally slowing economy.
- “The odds of a recession in the next 18 months are greater than 50%,” global head of strategy, Richard Kelly told CNBC.
![[Image: 107086761-1657541575395-gettyimages-1241...=740&h=416]](https://image.cnbcfm.com/api/v1/image/107086761-1657541575395-gettyimages-1241482538-GAS_TAX_PAUSE.jpeg?v=1657541877&w=740&h=416)
The odds of the U.S. economy falling into recession by next year are greater than 50%, Richard Kelly, head of global strategy at TD Securities, said Monday, outlining three possible ways it could get hit.
Rising gas prices combined with a hawkish Federal Reserve and a generally slowing economy are among the tripartite risks facing the world’s largest economy right now, according to Kelly.
Could that raise the possibility of a recession? “I don’t think it’s a potential,” he told CNBC’s “Street Signs Europe.”
“The odds of a recession in the next 18 months are greater than 50%,” Kelly added.
Exactly when that downturn might hit is harder to predict, however.
- More -