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CATEGORY: federal reserve easing


Apr 21, 2023 05:50

Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist [...]

The post Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’ appeared first on Crypto Breaking News.

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