According to Odaily Planet Daily, Peter Berezin, chief global strategist at BCA Research, recently wrote that investors should be prepared for a potential recession in the US economy because the Federal Reserve may not be able to save the economy and investors' strategies must change accordingly.
Peter Berezin pointed out that the Federal Reserve may not be able to save the economy. Previously, the economy fell into recession within a few months after the central bank began cutting interest rates in January 2001 and September 2007. The market currently expects the Fed to cut interest rates by more than two percentage points in the next 12 months. Unless the Fed is more accommodative than the market already expects, or there is a recession, long-term U.S. Treasury yields will not fall significantly from current levels.
