A delayed Federal Reserve rate hike, turmoil in global equity markets...and now increased expectations for a downturn in the U.S., Bloomberg reported today. The probability that the world's biggest economy will enter a recession in the next 12 months jumped to 15 percent, its highest level since October 2013, according to economists surveyed earlier this month. The median had held at 10 percent for 13 consecutive months. There is a bright spot, though: In a separate survey, economists projected the U.S. won't enter a recession until 2019, after pegging it to 2018 in last month's survey.
