US economy could be heading for recession, economist warns: ‘100% chance’ of global slowdown
Bank of America CEO Brian Moynihan previews “Mornings with Maria” at the World Economic Forum in Davos, Switzerland. The US economy could be heading into a recession next year as persistently high inflation and an increasingly hawkish Federal Reserve weigh on growth. Greg Daco, chief economist at EY-Parthenon, warned in a new analyst note that … Read more