Deutsche Bank predicted the U.S. will fall into a recession in 2023 that will cause unemployment to go up to 5.1 percent due to the raising interest rates to bring down . Deutsche, the first major bank to offer the negative forecast, said the recession will be 'moderate,' but it would serve as yet another blow to already struggling Americans, reported. 'The is expected to take a major hit from the extra Fed tightening by late next year and early 2024,' the bank's economists said in a note to clients Tuesday.
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