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What markets are saying about when to expect a US recession
Economists, investors and the Federal Reserve have sounded alarm bells for months that a recession could come later this year. But a growing chorus of experts believe a downturn might not happen until early next year. Here are some of those recent calls: Bank of America CEO Brian Moynihan told CNN on Tuesday that he believes the US economy could tip into a recession early next year, rather than this year like he originally predicted. Vanguard economists wrote in their mid-year outlook that they see a high probability of recession, and the “odds have risen that it could be delayed from 2023 to 2024.” JPMorgan ... (full story)