Fitch still expecting US recession, in H1 2024. Also expecting 1 more Fed rate hike.

[forex4you]

Fitch still expecting US recession, in H1 2024. Also expecting 1 more Fed rate hike.

Fitch says global economic growth is deteriorating, reflecting "the deepening slump in China's property market is casting a shadow over global growth prospects just as monetary tightening increasingly weighs on the demand outlook in the U.S. and Europe"

• expects the U.S. to fall into recession in the first half of 2024,
• Federal Reserve "is now close to reaching a peak on rates and we expect just one more 25-basis-point hike to 5.75%. But core inflation is still high -- particularly in services -- and we have pushed back the date of the first Fed rate cut to May 2024."

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Fitch still expecting US recession, in H1 2024. Also expecting 1 more Fed rate hike.

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