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Thursday, December 26, 2024

‘Dr Doom’ economist Nouriel Roubini says investors are ‘delusional’ if they expect the Fed to pivot to cutting interest rates next year

Markets are “delusional” if they expect the Federal Reserve to start pulling back on interest rate hikes any time soon, according to Nouriel Roubini. The economist — often labeled “Dr Doom” because of his bearish predictions — said the current 8.5% rate of US inflation makes it highly unlikely that …

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