Business Insider: Bloomberg's Chief Economist Shares Why There's a 70% Chance the US Economy is Recession-bound
Article by William Edwards in Business Insider
There's a 70% chance the US economy is either in a recession or headed toward one in the months ahead, according to Bloomberg Economics Chief US Economist Anna Wong.
While that might be strange to hear for the majority of investors who see a soft landing coming as the Fed cuts rates, the biggest indication for Wong that a downturn is ahead is the deterioration in employment indicators.
The one that stands out most to ......