“There is a very high chance the Fed ends up cutting rate towards … the end of next year,” Unicredit’s Erik Nielsen tells CNBC.
If this happens, some analysts say that continued rate hikes next year are untenable and risk hitting the economy even harder.
"If the Federal Reserve moves us closer towards recession and breaks the back of inflation and has to cut a little bit to simulate the economy, I don't think that's necessarily a bad thing."When asked if the U.S.
The closely-watched Fed GDP tracker is also indicating that the U.S. economy is heading for a recession. Thenow points to a 1% contraction for the second quarter, following a 1.6% slide in GDP in the first three months of the year In the"slow-moving" ECB's case, they said it will"likely stop hiking upon reaching a 1% refinancing rate in December 2022 and stay on hold at that still very low level in 2023 and 2024.", its first in 11 years, and then again in September.
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