The biggest US banks do not see this year as positive at all. They offered us their insights.

Earnings season has begun, and some US banks have already reported their results. As part of these results, banks have also given us their view of the current year 2023 in their presentations. So how do the banks see this year, positively or negatively? Do they expect a recession or do they think we will avoid a recession? You can read all this below.

We still have high inflation raging, and the Fed is still trying to fight that inflation by raising interest rates. This battle between the Fed and inflation has been with us for most of the past year, and it still looks like it is far from won. At this point, the Fed is willing to do virtually anything to win the battle over inflation as soon as possible, even at the cost of putting the US economy into recession. Of course, this is probably not a scenario that any of us would wish for, so today we will look at how the major US banks see the situation.