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Monday, September 30, 2024

Citadel boss Ken Griffin warns a recession is looming – as household savings dwindle and surging interest rates bite

Americans are burning through their pandemic savings, and soaring interest rates are threatening the housing market and other parts of the economy. That’s a recipe for a downturn, Ken Griffin told Bloomberg on Tuesday. “We have the setup for a recession unfolding,” the billionaire investor and …

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