A hard-landing recession is guaranteed as the full impact of Fed rate hikes have yet to hit the economy, Morgan Stanley's chief economist says

• 12/27/2023, 10:22 AM
• businessinsider.com

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A hard-landing recession is certain to come for the economy, and high rates are to blame even as markets start positioning for the Federal Reserve to loosen monetary policy this year, according to Ellen Zentner, Morgan Stanley's chief US economist.