A 'proper' economic downturn is looming, which could trigger steep rate cuts as soon as this year, economist says
In this photo taken while zooming with a slow shutter speed Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington.
Alex Brandon/AP Photo
- Economist Frances Donald told Bloomberg TV that a sharper Fed pivot is ahead.
- With a slowdown in the US labor market, two negative quarters of growth could hit at the end of the year.
- When that happens, the...
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