2024-06-29 15:00:30 +0300
Time to Start Preparing for a Recession Is Now, Rob Arnott Says
Bloomberg
By Vildana HajricThe 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.
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