Citi Research Predicts Early 2024 Recession Due to Tightening Credit and Low Unemployment

Citi Research analysts believe a recession is coming in early 2024, likely Q2.

Unemployment is nearing historic lows, suggesting a recession is imminent per Citi.

Credit conditions have been tightening, which should slow the economy.

Recent strong economic data suggests the US is not in recession yet.

Citi expects the Fed to be done hiking rates soon, but more hikes are possible.