Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

• Deutsche Bank predicts US recession in 2023 due to Fed rate hikes
• An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades
• The Deutsche Bank economists said that a recession will be unavoidable as the Fed pumps the economic brakes, warning that price stability will only be “achieved through a restrictive monetary policy stance that meaningfully dents demand.” They forecast a mild recession that will begin in the final quarter of next year and continue into the first quarter of 2024, with unemployment peaking above 5%.
• It is the first major Wall Street firm to predict a downturn in the U.S.

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