Société Générale: A mild recession in the U.S. will lead to a weaker dollar

ChainCatcher news, according to Jin Shi reports, Societe Generale strategist Kit Juckes pointed out that the U.S. economy faces the risk of slipping into a mild recession, which could trigger larger rate cuts and lead to a weaker dollar. He stated that the slowdown in growth and the high valuation of U.S. stocks may repeat the mild recession scenario of 2001. Juckes warned: "If concerns about inflation, economic growth, asset valuations, and market bubbles ultimately tip the balance, leading the economy into recession, the declines in interest rates and the dollar may exceed our expectations."