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The US may no longer avoid a recession

The economy is likely to weaken as markets internalise the significant likelihood that rates will stay higher for longer

©The Financial Times Limited 2020 Oct 5, 2023 / 11:45 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
The US may no longer avoid a recession

While markets are adjusting fast to higher rates, that of the real economy is at a much earlier phase with now a much bumpier road ahead.

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