The most important economist at bank giant Wells Fargo, Jay Bryson, warns that America is terribly close to entering an economic recession.
In a new interview on CNBC’s Squawk Box, Bryson out He does not predict a recession at the moment, but it would not cost much negative economic data to change those prospects.
“We don’t have the economy in a recession. I would say that we skate quite close to one. It would not take any other big shock to possibly push the economy into a recession if things weaken later.”
He expects that next year will have greater economic growth than in 2025, which will be confronted with a delay in the consequences of Trump’s rates.
“2026 will be a lot better year than 2025. 2025 is more about the negative effects of rates for us. 2026 is more about a modest stimulus of the tax side, monetary convenience and some deregulation.”
Bryson also predicts that the Fed has reduced the current percentage of 425-450 basic points in about a year to around 100 basic points to stimulate the economy.
“A year from now on I still think that the rates will probably be around 100 basic points …
If the unemployment rate starts to appear later this year, what we think it will do, because rates are slowing down the economy, then we think the Fed is running and then reduces the rates. “
https://www.youtube.com/watch?v=M-Zyrlswu-q
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