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Deutsche Bank Forecasts US Recession in 4th Quarter, Followed by Rate Cut

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Deutsche Bank Forecasts US Recession in 4th Quarter, Followed by Rate Cut
A trader works on the floor of the New York Stock Exchange in this file photo Mario Tama/Getty Images
Andrew Moran
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The U.S. economy will slip into a recession in the fourth quarter of 2023, and the Federal Reserve will respond with a rate cut in the following quarter, Deutsche Bank said in a new forecast.

The bank updated key economic projections in a research note last week after several developments on multiple fronts.

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Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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