Chance of recession rises to the highest level of the Trump presidency: CNBC Fed Survey

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Respondents boosted the chance of recession, reduced their support for the president's handling of the economy and lowered their outlook for economic growth and Fed rate hikes.

 

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So much winning 🙄

This type of negativity is why after all these years, we no longer watch CNBC. Just another anti-Trump network. Sad, costing millions $ every day.

Steve and Andrew can only hope...

No matter how much you shill for a recession your not going to get it.

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Guggenheim investment chief predicts there's a 50% chance the Fed cuts rates next yearThe Fed is likely to react to this level of market pullback 'about half of the time' by cutting rates, Guggenheim's Scott Minerd says. There's a 50% chance the Fed will (not) cut rates next year.🙄🔥 What about another 50 %? So either 'yes' or 'no'. A 50/50 chance. Not sure who got paid 7 figures to come up with that projection, but the tic-tac-toe chicken could have made the same prediction and would have been spot on.
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A Fed pause won't be the Fed riding to the rescue, says Bessemer CIO'Eyes wide open.' Bessemer Trust CIO Rebecca Patterson says she has a more bullish outlook for 2019, but doesn't think we're 'necessarily out of the woods. I want to temper my enthusiasm a bit.' Did she have a more bullish outlook for 2018, perchance?
Source: CNBC - 🏆 12. / 72 Read more »

Former Dallas Fed President: Fed will focus on real economy, not markets'They will adjust, they will be flexible, they will be patient,' Fmr. Dallas Fed President Richard Fisher said he doesn't understand why the market is so nervous about Fed policy decisions. 'This is standard Federal Reserve rhetoric.' Trying to wreck Trump's Economic Rally How is it possible that Powell and the fed board talk so much while saying so little. They should just release an emoji once a year. 👍👎 It was the 233% increase in rates in 21 months with promises of more that was problematic! 🙄
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