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3232Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’
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Fri, 21 Apr 2023 01:15:02 +0000https://www.digit.info/2023/04/21/commodity-strategist-warns-us-economy-heading-toward-severe-deflationary-recession/Read more]]>Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist […]
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist […]