SELF INFLICTED RECESSION BECAUSE OF FED'S INTEREST RATE HIKES.

"The Federal Reserve has done enough economic damage already with its interest-rate hikes and, regardless of its next move, the US is facing an imminent 'self-inflicted' recession, according to yield-curve guru Campbell Harvey."

"Continuing to raise rates placed the Fed in danger of overshooting - increasing rates well beyond when it should have stopped - and jeopardizing the chance to achieve a soft landing," Harvey wrote. He criticized the central bank's decision to raise its benchmark rate for the 10th consecutive time last month despite inflation cooling."

SOURCE:

https://markets.businessinsider.com/news/stocks/hard-landing-us-economy-research-affiliates-campbell-harvey-yeild-curve-2023-6

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