Recession Dashboard: why we’re on high alert

It’s clear to see from our dashboard how the blistering pace of US interest rate rises is taking effect, supporting our belief a US recession is the likely outcome. The US Federal Reserve (Fed) has raised the target range for its main policy interest rate five-fold in the past four months. This has set alight the Schroders Recession Dashboard, which is now flashing red, warning of an imminent downturn in the world’s largest economy.