US to fall into long recession this year as Fed hikes rates: Nomura - Markets Insider

The US economy will grow just 1.8% this year before shrinking by 1% in 2023, driving up unemployment, economists at Nomura said.

The Federal Reserve's interest-rate hikes will push the US into a mild but lengthy recession this year that will cause the economy to shrink in 2023, investment bank Nomura said Monday. Nomura sai… [+2113 chars]

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