{"id":155510,"date":"2023-09-14T04:58:21","date_gmt":"2023-09-13T23:28:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=155510"},"modified":"2023-09-14T04:58:21","modified_gmt":"2023-09-13T23:28:21","slug":"fitch-forecasts-us-recession-in-h1-2024-another-fed-rate-hike-is-also-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/fitch-forecasts-us-recession-in-h1-2024-another-fed-rate-hike-is-also-expected-crypto-news\/","title":{"rendered":"Fitch forecasts US recession in H1 2024, another Fed rate hike is also expected &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Fitch Ratings stated in its latest economic forecast that global economic growth is deteriorating, owing to &#8220;the deepening slump in China&#8217;s property market, casting a shadow over global growth prospects just as tighter financial conditions weigh on the demand <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a> in the US and Europe.\u201d<\/p>\n<h2 class=\"fxs_headline_medium\">Key Quote<\/h2>\n<blockquote>\n<p>\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>expects the US to fall into recession in the first half of 2024<\/p>\n<p>Federal Reserve \u201cis now close to reaching a peak on rates and we expect just one more 25-basis-point hike to 5.75%. But core inflation is still high \u2014 particularly in services \u2014 and we have pushed back the date of the first Fed rate cut to May 2024.\u201d<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Fitch Ratings stated in its latest economic forecast that global economic growth is deteriorating, owing to &#8220;the deepening slump in China&#8217;s property market, casting a shadow over global growth prospects just as tighter financial conditions weigh on the demand outlook in the US and Europe.\u201d Key Quote \u00a0 expects the US to fall into [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":155511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,333,252,247,253,249,334,256,254],"class_list":["post-155510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-unitedstates","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=155510"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155510\/revisions"}],"predecessor-version":[{"id":155512,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155510\/revisions\/155512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/155511"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=155510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=155510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=155510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}