Reported 8 months ago
Nuveen Chief Investment Officer Saira Malik discusses concerns about the US economy, highlighting weakening consumer and job market indicators that could lead to a recession. She predicts a recession is inevitable between the fourth quarter of this year and the first quarter of 2025, despite the Federal Reserve's potential interest rate cuts. Malik acknowledges the Fed's challenge in balancing rate cuts to prevent a recession without reigniting inflation, and she believes hitting the Fed's 2% inflation target in 2024 is unlikely. She cautions that the markets may face difficulties as the economy slows down and the Fed navigates these challenges.
Source: YAHOO