Inflation has cooled, but recession fears remain: First National Bank of Omaha

Inflation has cooled, but recession fears remain: First National Bank of Omaha

"We believe inflation peaked in 2022 at its highest level in four decades and expect further deceleration throughout the year," First National Bank of Omaha said in its 2023 Outlook report. The Federal Reserve is aiming for an inflation level of 2% or less. "Economic downturn is likely in the U.S. as most economic indicators currently point to a deceleration at the…