Wells Fargo, the US economy, warns the American economy that “skiing near recession” – here is its outlook
The chief economist in the banking giant Wales Fargo, Jay Prison, warns that America is very close to entering the economic recession.
In a new interview on the CNBC’s Squawk, Praison He says He does not predict stagnation at this time, but it will not take more negative economic data to change that view.
“We do not have the economy in stagnation. I would like to say that we are skiing close to one. It will not take another big shock to push the economy to stagnant if things are weakening later.”
The next year is expected to have an economic growth larger than 2025, which faces a slowdown in the traces of Trump’s tariff.
“The year 2026 will be much better than 2025. 2025, for us, more about the negative effects of definitions. 2026 revolves around some modest motivation coming from the financial side, cash comfort and some standard cancellation.”
Praison also expects that around one year, the Federal Reserve has reduced the current rate of 425-450 basis points to about 100 basis points for stimulating the economy.
“After a year from now, I still think the rates may be about 100 basis points …
If the unemployment rate begins to appear later this year, which we think will do so, with the slowdown of economic tariffs, we believe that the axes of the Federal Reserve Bank and then we start lowering prices. “
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