US heading into shallow recession, no respite from rate hikes yet – Reuters poll

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“The US economy is heading into a short and shallow recession over the coming year,” according to economists polled by Reuters. The survey also reports that the economists unanimously expected the U.S. Federal Reserve to go for a smaller 50 basis point interest rate hike on Dec. 14.

Also read: US Dollar Index struggles to defend the first weekly gain in three ahead of key consumer-centric data

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