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- A recession is poised to hit the US economy within the next nine months, according to Raymond James.
- The investment firm said rising borrowing costs, a tapped out consumer, and ongoing labor strikes should push the economy into a recession.
- These are the three big warning signs Raymond James is monitoring ahead of a potential recession.
Don’t be fooled by a resilient consumer, as a recession is poised to hit the US economy within the next nine months, according to a recent note from Raymond James chief investment officer Larry Adam.
Wall Street forecasts of a potential recession have been getting pushed further and further out into the future as consumers continue to show solid spending habits and are overall in good financial shape. But a convergence of several risk factors suggest to Adam that the economy will be unable to avoid a mild recession within the next year.
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