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US Recession This Year Is Now More Likely Than Not: Nomura

  • Elevated prices, unanchored price expectations to lower growth
  • Federal Reserve to continue hiking interest rates into 2023
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The US economy will likely fall into a mild recession by the end of 2022 as the Federal Reserve raises rates to tame prices, according to economists at Nomura Holdings Inc. 

Nomura warns that financial conditions will tighten further, consumers sentiment is souring, energy and food supply distortions have worsened and the global growth outlook has deteriorated.