So says Jim Rickards at the AFR:
He said there is only a 35 per cent chance of a recession in the US over the next year, thanks to the Federal Reserve’s change in monetary policy direction in July when the central bank cut rates by 25 basis points to 2-2.25 per cent.
…He said that if the Fed stuck with its current tempo of 25 basis points cuts, then it wouldn’t hit zero until the northern summer in 2020.
