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.
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
Topics: york stock exchange nyse new york city new york u.s march kelly/reutersthe s&p federal reserve wall street peter berezin growth june business insider new york s&p bca research fed berezin fails economy recession firm stock market rate unemployment interest spending decline jobs consumers mortgage rates curb lead strategist early cutting constrained credit higher simply average prevent report year savings bearish rising paid hiring labor businesses send households
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