Banking sector stress increases the risk of a hard landing
Any hope of a soft landing has been squashed by the recent spike in banking sector stress, increasing our conviction that the US economy will suffer a mild recession. The worst of the damage will come in the second half of the year as high inflation, tight Fed policy, and tighter financial conditions drag down activity. Our quarterly outlook webinar find out how severe the damage will be.
Ryan Sweet
Chief US Economist
+1 (646) 668 5790
Ryan Sweet
Chief US Economist
New York, United States
Ryan Sweet is the Chief US Economist at Oxford Economics. He is responsible for forecasting and assessing the US macroeconomic outlook and how it will influence monetary policy and financial markets. Ryan is among the most accurate high-frequency forecasters of the U.S. economy, according to MarketWatch and Bloomberg LP.
Prior to joining Oxford Economics, Ryan led real-time economics at Moody’s Analytics and was a member of the U.S. macroeconomics team. He was also head of the firm’s monetary policy research, following actions by the Federal Reserve and examining its potential impact on the U.S. economy.
Ryan is an adjunct professor in the Economics and Finance Department at West Chester University of Pennsylvania. He received a master’s degree in finance from John’s Hopkins University, a master’s degree in economics from the University of Delaware, and a bachelor’s degree in economics from Washington College.
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