The Fed's rate-cut projections are pointing to an imminent recession, economist says

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• The Fed's interest rate forecasts signal an imminent recession, economist David Rosenberg says.
• In previous soft landings, the Fed usually cut rates by 75 basis points, but they're forecasting a 150 basis-point reduction by 2025.
• Stock investors are eagerly awaiting the central bank's pivot to looser monetary policy. 

The Federal Reserve's interest rate forecasts are flashing warning signs of a recession just around the corner, top economist David Rosenberg says.