Yardeni raises odds of a recession after Hamas attack on Israel

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Yardeni Research now sees an increased risk of a recession before the end of next year, after the start of the Israel-Hamas war on Saturday.

“The prospects of a prolonged war in the Middle East heighten the chance of a recession in the U.S.,” Yardeni Research analysts said in a note Tuesday. “That’s not our base-case outlook, but we are raising the odds we see of a recession before year-end 2024 to 30% from 25%.”

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