Reported about 1 year ago
BCA Research forecasts a 32% crash in the S&P 500 in 2025 as the US economy faces a recession, with the Federal Reserve failing to prevent it by delaying interest rate cuts. The downturn is expected to be exacerbated by rising unemployment and restricted credit, leading to reduced consumer spending and a negative economic feedback loop. Chief global strategist Peter Berezin predicts a recession hitting the US economy later in 2024 or early 2025, causing significant market turbulence.
Source: YAHOO