Read previewGet ready for a recession that hammers consumers, squeezes companies, and drags down stocks, a veteran economist warned.
"There is a very high probability of a recession," Nancy Lazar, Piper Sandler's chief global economist, told WealthTrack in a recent interview.
Whenever that many states have recorded significant increases in joblessness in the past, there's been a nationwide recession, she noted.
AdvertisementSeveral parts of the economy are "really, really struggling," Lazar continued.
"If we have a recession, inflation will slow," she said.
Persons:
—, Nancy Lazar, Piper, WealthTrack, Lazar, you've, You've, Lazar said, there's, They've, I'm, I've
Organizations:
Service, Cornerstone Macro, Business, Fed
Locations:
joblessness