JPMorgan sees 'mild' U.S. recession in 2023 on Fed rate hikes
Economists at JPMorgan Chase& Co. projected the U.S. will enter a "mild" recession next year thanks to interest-rate hikes that could cost more than 1 million Americans their jobs, and that the Federal Reserve will start reducing borrowing costs in 2024.. The Fed will likely raise its benchmark rate by 50 basis points in December and 25 basis points at each of the…
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