• A 2023 recession is 'inevitable' as the war on inflation slows down the economy, former New York Fed president says

    7 days ago - By Business Insider

    Former president of the Federal Reserve Bank of New York, Bill Dudley, speaks during the Bank of England Markets Forum 2018 event at Bloomberg in central London on May 24, 2018. VICTORIA JONES/AFP via Getty Images
    It's "inevitable" that the US enters a recession in 2023, former NY Fed Pres. Bill Dudley said Wednesday.
    The recovery will last through 2022, but rising interest rates will tank demand, he added.
    Dudley's column comes as inflation holds strong and recession fears hit a fever pitch.
    Bill Dudley, former president of the Federal Reserve Bank of New York, has seen enough. After...
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  • Investors are still underestimating the Fed's willingness to trigger a recession and a 'market meltdown', a veteran SocGen strategist says

    7 days ago - By Business Insider

    Société Générale's chief market strategist Albert Edwards warned that stocks and commodities will plummet with a recession now inevitable. Reuters/Benoit Tessier
    The Federal Reserve now prioritizes curbing inflation over preventing recession, according to Société Générale's chief market strategist.
    Aggressive interest rate hikes will trigger a "market meltdown", Albert Edwards said.
    Edwards expects both stocks and commodities to plummet as recession fears rise.
    Markets haven't yet fully priced in the threat of a recession, which means that stocks will plunge much further over the next few...
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