A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020.Andrew Kelly/ReutersThe S&P 500 will plunge 32% in 2025 as a recession finally hits the US economy, BCA Research predicts.The firm said the Fed will fail to prevent a recession as it takes its time cutting interest rates.Rising unemployment and constrained credit will curb consumer spending, worsening the downturn.The stock market will crash 32% in 2025 as the Federal Reserve fails to prevent a recession, according to the most bearish strategist on Wall Street.Peter Berezin, chief global strategist at BCA Research, said in a recent note that a recession will hit the US economy later this year or in early 2025, and the downturn will send the S&P 500 tumbling to 3,750."The consensus soft-landing narrative is wrong.
Comment on The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says
mfox@businessinsider.com (Matthew Fox), Business Insider
Sun, 07/07/2024 - 5:15am
Comment On This Story
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more