"Experts Predict Imminent Recession and Dow 40,000 as Fed Signals 5 Rate Cuts by 2025"
TL;DR Summary
Economist David Rosenberg warns that the Federal Reserve's projection of a 150 basis-point reduction in interest rates by 2025 signals an imminent recession, contrary to the Fed's optimistic GDP growth and unemployment rate forecasts. He points out that such a significant rate cut has historically only occurred during economic downturns, and warns investors about the potential risks in the leveraged loan market as defaults are on the rise.
- The Fed's rate-cut projections are pointing to an imminent recession, economist says Yahoo Finance
- Wall Street heads into the final March trading week with momentum on its side and Dow 40,000 in sight CNBC
- Fed interest-rate outlook: 5 cuts in 2025 as US economy slows: S&P economist Business Insider
- An interesting disconnect in US rate-cut expectations Financial Times
- Three Fed interest-rate cuts this year? Yes, top banking economists say. MarketWatch
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