Recession Likely in Next 9 Months Despite Consensus Views, Warns Raymond James

A recession is likely to hit the US economy in the next 9 months according to Raymond James, defying consensus views.

Rising borrowing costs, a tapped out consumer, and ongoing labor strikes are 3 big warning signs of a looming recession.

Tailwinds that drove strong consumer spending during the pandemic are ending as excess savings deplete.

High interest rates are freezing housing market activity and impacting business spending plans.

Macro risks like high gas prices, global conflicts, and souring consumer sentiment signal a recession could hit within a year.