The probability model for a recession from the Federal Reserve has been steadily increasing and has now reached its highest point since 1982.
The National Bureau of Economic Research (NBER) is understood for its slow means of identifying business cycle changes, often lagging behind by months as they consider various data series and wait for revisions. Consequently, experts have created models to predict when these shifts will occur, including when recessions would start. Jonathan Wright developed one in every of these models while he was employed by the Federal Reserve Board.
JPMorgan is ineligible to accumulate First Republic Bank.
It controls +10% of U.S deposits.
Too big to fail.
This ends well. pic.twitter.com/X9jqhx4bTW
— Genevieve Roch-Decter, CFA (@GRDecter) April 30, 2023