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Fitch still expecting US recession, in H1 2024. Also expecting 1 more Fed rate hike.
Fitch says global economic growth is deteriorating, reflecting "the deepening slump in China’s property market is casting a shadow over global growth prospects just as monetary tightening increasingly weighs on the demand outlook in the U.S. and Europe” expects the U.S. to fall into recession in the first half of 2024,Federal Reserve “is now close to reaching a peak on rates and we expect just one more 25-basis-point hike to 5.75%. But core inflation is still high — particularly in services — an...
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Posted: Sep 13 2023, 22:04
Author Name: forexlive
Views: 110449