The Fed's rate-cut projections are pointing to an imminent recession, economist says

Source: Business Insider

Yuichiro Chino/Getty Images The Fed's interest rate forecasts signal an imminent recession, economist David Rosenberg says. In previous soft landings, the Fed usually cut rates by 75 basis points, but they're forecasting a 150 basis-point reduction by 2025. Stock investors are eagerly awaiting the central bank's pivot to looser monetary policy.