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US Debt default could trigger recession, Harris and Brainard warn
U.S. Vice President Kamala Harris and senior White House economic adviser Lael Brainard (ex-Vice Chair of the Federal Reserve) say unless the debt ceiling is raised:"A debt default could trigger a recession"The info comes via a Reuters report, link here for moreI posted earlier in the week a similar view from analysts:BoA warn an extended US debt breach would mean a "severe recession" & Fed rate cuts in Q3And, that there's gonna be a recession regardless:ICYMI - JP Morgan says US recession is vi...
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Posted: May 18 2023, 21:46
Author Name: forexlive
Views: 081563