Business Insider: The Fed's Rate-cut Projections are Pointing to An Imminent Recession, Economist Says
Article by Yuheng Zhan in Business Insider
The Federal Reserve's interest rate forecasts are flashing warning signs of a recession just around the corner, top economist David Rosenberg says.
"The Fed doesn't want to say this explicitly, but it is actually saying (in not so many words) that a recession is very likely coming our way,"Rosenberg said in a note on Thursday.
Despite the Fed's optimistic forecast of 2.1% GDP growth and a 4% unemployment rate, Rosenberg sees officials' prediction of a sharp drop in the median federal funds rate as a recession indicator.
Rosenberg said, in past instances of a ......