FXstreet

Some experts are warning that the economy will take a “major hit” next year as the Fed struggles to combat inflation. For example, Deutsche Bank on Tuesday became the first major bank on Wall Street to forecast a recession next year, albeit a "moderate" one, thanks to the combination of surging inflation and rising interest rates.

Weekly price of Deutsche Bank stock was bounced from 9.46 bearish support area to above for crossing Ichimoku cloud with 13.36 resistance with the 16.70 next bullish reversal resistance target.

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