The Fed has started to embrace a US recession!

 
The US Fed has accepted the possibility of a recession.  We had stated much earlier that the US had a high possibility of having a recession.

http://sg-stock.blogspot.com/2022/05/will-us-be-heading-for-soft-or-hard.html

The recent business activity data (composite PMI) had also indicated an economic deterioration.  We had stated that the May PMI was an aberration and we told our viewers to ignore it.

http://sg-stock.blogspot.com/2022/06/ism-pmi-increased-slightly-in-may-2022.html