US likely to fall into (mild) recession by end of 2022: Nomura economists

A mild recession is likely to hit the US by the end of financial year 2022, economists at Nomura Holdings said as the Federal Reserve has raised interest rates to tame rising inflation.

“With rapidly slowing growth momentum and a Fed committed to restoring price stability, we believe a mild recession starting in the fourth quarter of 2022 is now more likely than not”


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