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Bessent: Broader recession possible without more rate cuts (Ben Berkowitz/Axios)
Ben Berkowitz / Axios:
Bessent: Broader recession possible without more rate cuts — Some portions of the economy are already in a recession, and others could fall into one without more interest rate cuts, Treasury Secretary Scott Bessent said on CNN Sunday. … - Before that, investors were betting there was nearly a 100% chance of a December cut.
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