'No avoiding a global recession' -portfolio manager

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2 年前

STORY: "Europe is poised to hit a recession within the next couple quarters," said Coons, adding that the U.S. economy was "still a little bit of a wild card" in terms of whether or not it would fall into recession.

U.S. Treasury yields jumped to two-and-a-half year highs on Monday, ahead of what is expected to be the U.S. Federal Reserve's first rate hike in three years on Wednesday to try to tame soaring inflation that shows no signs of slowing.