According to a recent survey, the vast majority of analysts believe that the Federal Reserve’s fight against inflation would cause the economy to enter a recession next year.According to research from the National Association of Business Economics (NABE), 72% of economists believe the economy will be in a slump by the middle of next year.Wall Street is coming to the conclusion that the Federal Reserve will start a recession as it fights inflation by escalating its interest rate increases.In July, policymakers agreed to raise interest rates by 75 basis points for the second time in a row. Based on upcoming economic statistics, they have said they may consider raising rates even further in September.
