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Jim O'Neill: Global Recession Is 'Touch and Go,' Slams Fed, China Policy

"If I were a voting member of the FOMC, if I'd been really hawkish a month ago, I think I'd be backing off a little bit right now," Jim O'Neill said. ....

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Bank of America Sees 1-in-3 Chance of a Mild US Recession Next Year

The bank says a "bumpy landing" is more likely from the Fed's interest rate increases, though it expects bigger hikes than what's priced into the market. ....

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Stagflation Ahead for US, Markets Aren't Braced for Fed Tightening: Roach

Roach said the Federal Reserve would have to hike interest rates even more aggressively to get inflation under control. "50 basis points doesn't cut it." ....

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Stock Selloff in New Phase As Growth Fears Add to Fed Worry: El-Erian

The major US stock indexes plummeted on Wednesday after retailer Target missed Q1 earnings targets and said surging costs led to lower profits. ....

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'No Question' of a Downturn, Hard to Avoid Recession: Wells Fargo Boss

Charlie Scharf said while a recession in the US seems hard to avoid, the strength of businesses and consumers would dampen its impact. ....

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