On May 15th, billionaire Steve Cohen stated that the likelihood of the United States falling into an economic recession is currently around 45%. We haven’t fallen into a recession yet, but economic growth has slowed significantly, “said the founder of hedge fund Point72 Asset Management in a speech at the Sohn Investment Conference held in New York on Wednesday. Cohen said he expects the Federal Reserve not to immediately cut interest rates because “they will be concerned about inflation caused by tariffs. He expects the US economic growth rate to slow down to 1.5% or lower next year, “okay, but not too surprising
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