The Fed may be compelled to slash interest rates in half next year to stave off a looming recession, according to a recent report by Swiss multinational investment bank UBS.
In its 2024-2026 outlook report published on Nov. 20, UBS said the U.S. economy is in for a shocker next year as consumers are running through the last shreds of post-pandemic savings.
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“could” means nothing. Elon Musk could STFU, but dont bet your life on it.
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