San Francisco Fed Sees Another Recession In 2 Years

The San Francisco Federal Reserve has come out with a report that it fears another recession is highly probably within the next 18-24 months based off slowing economic activity, a report shows. In the newest issue of the regional Fed bank's Economic Letter, it shows that a recession is more likely than expansion, adding to fears that the country may be heading into a "double-dip recession."Travis Berge, a graduate student at the University of California, Davis, and Oscar Jorda used leading economic indicators to try to predict whether another downturn was likely to happen. Depending on which indicators were used, the outcomes were vastly different, but all seemed to signal that starting next summer, another downturn in the economy was likely to occur. The Fed's monetary policy-setting committee is meeting today and is set to release their findings and policy decision today at 2:15 p.m. eastern time.