Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

Investing.com | Sep 18, 2019 at 12:00 AM
  • Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession forecast model showed a 58% chance of the economy being in a recession by mid-2020, and a 77% chance of one beginning in the next 24 months.
  • Economists widely expect the U.S. central bank to cut its benchmark rate for the second time this year by 25 basis points to a range of 1.75% to 2.00% at a meeting ending Wednesday to counter risks posed by the U.S.-China trade war.