Mild Recession May Be Ahead As Fed Tries To Curb Inflation, Apollo Economist Says

The US is likely headed for a recession, but it may be milder than past recessions according to Apollo's chief economist.

This potential recession would be "engineered" by the Fed through interest rate hikes intended to slow inflation.

When recession hits, the Fed can reverse the measures it took to initially slow the economy.

Past recessions were caused by specific events like the pandemic, housing crisis, etc. This time the Fed's actions are the culprit but also the potential savior.

There are some early signs of economic cracking like rising delinquencies and bankruptcies, but so far resilience remains.