Joseph Little, the Global Chief Strategist, has observed that while certain sectors of the economy have demonstrated resilience, there is now a significant risk of recession. Little stated that we are currently experiencing a mild profit recession and noted an increase in corporate defaults.

HSBC Asset Management predicts that the U.S. Federal Reserve will likely reduce interest rates by the end of 2023. Additionally, the Bank of England and the European Central Bank are expected to follow suit in 2024. (NFA) (DYOR) #crypto2023