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US Debt default could trigger recession, Harris and Brainard warn

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... Read More
Posted: May 18 2023, 21:46
Author Name: forexlive
Views: 081563

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