Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy

Strategist Warns of US Recession by Year-End — Says Fed Tightening to Drag Down EconomyInvestment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will drag down on the economy.” Strategist’s Recession and Rate Hike Predictions […]

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