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The Federal Reserve’s interest-rate hikes are kicking in by slowing growth and cooling inflation, but also making a recession more of a threat, says Rob Waldner, Invesco’s chief fixed-income strategist and head of macro research.
“We are increasingly worried about a recessionary environment,” Waldner told MarketWatch late Wednesday, despite what Fed officials said earlier in the day about their forecast for a soft landing for the economy.
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