US Teetering Toward Recession, Stifel's Piegza Warns

The transcript discusses the potential for a recession in the US, highlighting the loss of consumer momentum and the impact of the Federal Reserve's rate hikes. It examines domestic final sales as an indicator of recession, noting a downward growth trajectory. The market's underestimation of the Fed's tightening measures and their impact on consumers and businesses is also addressed. Current economic data, including negative retail sales and contraction in production, suggest challenges in maintaining growth momentum.

What factors are contributing to the loss of momentum in the US economy according to the text?

How does the speaker view the role of the Federal Reserve in the current economic situation?

What is the significance of domestic final sales in relation to the potential for a recession?

In what ways does the speaker suggest consumer behavior is changing?

What evidence does the speaker provide to suggest that the US economy may not maintain its momentum in the new year?