Wells Fargo Economist Warns of Potential U.S. Recession
- Wells Fargo’s chief economist, Jay Bryson, indicates the U.S. is close to a recession.
- Bryson does not currently forecast a recession but warns it could happen with more negative data.
- He anticipates stronger economic growth next year compared to 2025 due to tariff impacts.
- The Federal Reserve may lower interest rates from 425-450 basis points to about 100 basis points in a year.
- Bryson expects unemployment rates might rise as tariffs slow the economy, prompting Fed rate cuts.
Jay Bryson from Wells Fargo suggests that while a recession isn’t forecasted, the U.S. economy is nearing one, with potential rate cuts by the Federal Reserve if unemployment rises due to tariffs.
Source (2.6)https://dailyhodl.com/2025/06/06/wells-fargos-chief-economist-warns-us-economy-is-skating-pretty-close-to-a-recession-heres-his-outlook/?rand=59076
