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MNI INTERVIEW (RPT): Fed Could Revise Down Rate Peak-Gruenwald

(MNI) Washington
WASHINGTON (MNI)

S&P Global Chief Economist says balance of risks is clearly on the downside with recession probabilities rising, especially in the U.S.

(Repeats article first published on June 30)

Aggressive Federal Reserve policy spurred by ongoing price spikes will usher in low economic growth this year and perhaps a recession next year, which could push the central bank to reconsider guidance suggesting it will push rates further toward 4% in 2023, Global Chief Economist at S&P Global Ratings Paul Gruenwald told MNI.

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(Repeats article first published on June 30)

Aggressive Federal Reserve policy spurred by ongoing price spikes will usher in low economic growth this year and perhaps a recession next year, which could push the central bank to reconsider guidance suggesting it will push rates further toward 4% in 2023, Global Chief Economist at S&P Global Ratings Paul Gruenwald told MNI.

Keep reading...Show less