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Paul Gruenwald thinks the chance of recession has risen 30%-35%, but says we’re not in one yet. “We’re probably going to have a very bad print for 1Q” GDP, he thinks, adding that he expects a “very steep deceleration in activity.” He discusses whether the Fed will cut rates.

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Gruenwald: ‘Very Bad Print’ Ahead for 1Q GDP, But No Recession Yet

Schwab Network

Gruenwald: ‘Very Bad Print’ Ahead for 1Q GDP, But No Recession Yet