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Invesco: US Econ Growth Expected to Re-accelerate by End-2024 or Early-2025
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The Fed is likely to cut interest rates by another 50 bps during the year, Kristina Hooper, Chief Global Market Strategist at Invesco, said, believing that the US economy can avoid a recession, with US economic growth expected to re-accelerate by end-2024 or early-2025. Hooper still favored risk assets. However, at the same time, he noted that the market may experience significant volatility in the coming weeks as the market remains concerned about the risk of a hard landing. AAStocks Financial News |
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