"U.S. Markets Anticipate Interest Rate Cuts Amid Recession Fears"
Some investors fear a recession in the US economy this year due to higher interest rates and tighter credit conditions, while others see healthy consumer spending and employment growth. The Federal Reserve's loan officer survey, due this week, may provide more clarity on which view is more accurate. Edward Yardeni, president of Yardeni Research, criticized the last two rate hikes by the Fed, calling them "nuts."