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2024-06-29 15:00:30 +0300

Time to Start Preparing for a Recession Is Now, Rob Arnott Says

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Bloomberg
By Vildana Hajric

The Federal Reserve was in denial about inflation and moved too slowly in trying to quell rising prices. That’s now put it on a trajectory to create a recession, if it hasn’t already done so.

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That’s according to Rob Arnott and Campbell Harvey at Research Affiliates, who said in a new paper that there’s no reason the economy needs to see a downturn. And yet, one may already be underway.

Continue read on bloomberg.com

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