First major Wall Street bank to call U.S. recession says 'pessimists will unfortunately prevail'

First major Wall Street bank to call U.S. recession says ‘pessimists will unfortunately prevail’

Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession in April, runs through its list of pros and cons to explain why the world’s largest economy could make a soft landing – and comes to the conclusion that it will not. . “Our view is that the pessimists will …

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