Bloomberg Daybreak: Asia Edition cover image

President Biden on Chips and Chair Powell on Rates

Bloomberg Daybreak: Asia Edition

00:00

The Fed's Two Rate Hikes Could Set the Economy in Recession

The focus seems to be squarely on not just economic issues, but trying to diversify supply chains away from China. Invesco's Christina Hooper says that if the Fed does two more rate hikes this year, that risk sending the economy into significant recession. Unemployment benefits unchanged last week, though we remain at the highest level since October 21.

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