Why a recession could be on the horizon > ClearBridge Investments Head of Economic and Market Strategy Jeff Schulze tells Yahoo Finance Live that there is a recession coming

 

617 views Sep 5, 2023

Goldman Sachs (GS) has cut its odds of a recession occurring in the U.S. to 15 percent. But ClearBridge Investments Head of Economic and Market Strategy Jeff Schulze tells Yahoo Finance Live that there is a recession coming. “If you look out on the horizon, you’re going to continue to see the labor market weaken and I’m not sure I see a catalyst to see a plateau and ultimately cause that soft landing outside of a Fed pivot,”

• Schulze says. Schulze believes that the Federal Reserve “is going to be for higher for longer policy and I ultimately think, although we’re seeing signs of a loosening labor market, that we’re going to see this ultimately lead to layoffs and the recession that everybody’s given up on.”
  
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