World Economy

Risk of Recession

Risk of RecessionRisk of Recession

As US corporate quarterly earnings figures have proven to be a disappointment for a third consecutive quarter, and macroeconomic data indicate the broader economy is increasingly exposed to the risk of recession, US hedge funds’ bearish bets on the greenback are outweighing bullish positions for the first time since July 2014, Sputnik reported. Investors are leaving the US currency for one more reason: the Federal Reserve’s dovishness on policy, stemming from the weak performance of the economy, with the Fed’s April policy meeting likely to end with interest rates unchanged.