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The economy won't hold up under the Fed's plan to keep raising rates above 4% and will likely tip into a recession, JPMorgan Asset Management strategy chief says

Business Insider LogoBusiness Insider1w ago

The economy won't hold up under the Fed's plan to keep raising rates above 4% and will likely tip into a recession, JPMorgan Asset Management strategy chief says - Business Insider

Quick Summary:

"This economy has one foot in the grave ...

It really looks like it could get pushed into recession, and I just don't see the reason why".

It really looks like it could get pushed into recession, and I just don't see the reason why.

or

Article Details

Author / Journalist: jsor@insider.com (Jennifer Sor)

Category: Economy

Topics: JPMorgan Recession risk David Kelly Monetary tightening Fed Funds Rate Inflation Recession prediction Markets MI Exclusive Rate Hikes Falling inflation Fed

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 13:11:19

News Timezone: GMT -5:00

News Source URL: markets.businessinsider.com

Language: English

Reading Time: 3 minutes read

Article Length: 370 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 470501

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About Business Insider

Business Insider Logo

Main Topics: Economy

Official Website: businessinsider.com

Update Frequency: 118 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #64

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