Clock is ticking for US recession, return of Fed’s QE, says black swan fund By Reuters
Written by Black Hot Fire Network on September 27, 2024
By Davide Barbuscia and Carolina Mandl
NEW YORK (Reuters) - The first interest rate cut by the Federal Reserve signals a U.S. recession is imminent and a dramatic drop in financial markets could once again force the U.S. central bank to come to the rescue by buying bonds, said tail-risk hedge fund Universa.
The Fed said last week it started cutting rates to recalibrate monetary policy and to maintain strength in the labor market. With inflation declining, and the economy still on relatively solid footing, many see the beginning of the easing cycle . . .
