According to several sources, including Forbes, CNBC, NPR, and The Economist, there is a possibility of a recession in the US in 2023. A recent poll of economists from the Wall Street Journal pegged the recession chances in 2023 at 61%. However, there are varying opinions on the severity of the recession.

 Some experts believe that it will not be too severe, while others predict a mild downturn followed by a prolonged recovery. The Federal Reserve is increasing interest rates in the most aggressive fashion since the early 1980s as it races to bring down inflation, and a recession is often the consequence when the central bank starts raising borrowing costs.

 In terms of the safest assets to store wealth through a recession, it is generally recommended to diversify one's portfolio and invest in a mix of assets, including stocks, bonds, and cash. During a recession, stocks tend to decline in value, but bonds and cash can provide a cushion against losses. High-quality bonds, such as US Treasury bonds, are considered a safe haven during times of economic uncertainty. Gold is also considered a safe haven asset, as it tends to hold its value during economic downturns.

 However, it is important to note that no investment is completely risk-free, and investors should consult with a financial advisor to determine the best investment strategy for their individual needs and risk tolerance.
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