When will retail capitulate?….if ever

When will retail capitulate?….if ever🤷🏼

— DragoBTC (@DragoBTC) September 16, 2022

Banks are tightening lending standard at the fastest past equal to the prior 3 recessions (91,01,08).

— Kantro (@MichaelKantro) September 17, 2022

"Hey Prof, when's this recession thing going to arrive?" pic.twitter.com/MN1FflppeU

— Michael (@profplum99) September 16, 2022

Goldman Cuts US Growth Forecast for 2023 After Rate Path Change, FedEx Drops -44 Pts, US Treasury Yield Curve Further Inverts To -42.3 BPS (As Biden Drains The Strategic Petroleum Reserve)

Goldman Sachs Group Inc. cut its US economic growth estimates for 2023 after recently boosting its predictions for Federal Reserve interest rate hikes.

US gross domestic product will increase 1.1% in 2023, economists including Jan Hatzius wrote in a note Friday, compared with a forecast of 1.5% previously. The projection for 2022 was left unchanged at 0%.

Goldman raised its federal funds rate forecast by 75 basis points over the last two weeks for a terminal rate forecast of 4% to 4.25% by the end of 2022.

Then we have Federal Express which plunged -43.85 points on Friday. I use this an example on how inflation begat Fed tightening that begat an economic slowdown.