Fed Expected to Cut Rates 6 Times By 2024 Amid Growing Recession Fears
• The Fed will cut interest rates 6 times in 2024 as a recession spreads across the US, according to market veteran Drew Matus
• Cuts will come as the job market deteriorates, even though recent employment numbers looked strong
• 21 states already appear to be in recession based on economic contraction in November
• Manufacturing and services sectors showing signs of weakness from tight financial conditions
• Unemployment rate has ticked higher for most of the past year, and job market tends to unravel quickly at the start of a recession