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Confused, worried trader
A trader reacts near the end of the day on the floor of the New York Stock Exchange in New York

Reuters/Brendan McDermid

  • A recession is coming this summer and will last until mid-2024, Evercore chairman Ed Hyman said.
  • The market veteran pointed to worrisome signals in the economy that are warning of a downturn.
  • "I've never forecast a recession this far in advance," he said in an interview with Bloomberg.

Signs of trouble brewing in the economy suggest a recession will unfold this summer and last through mid-next year, according to Evercore chairman Ed Hyman.

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Markets, MI Exclusive, Recession, recession 2023, recession outlook, US economic outlook, inverted yield curve, US Economy and Markets, fed inflation, fed tightening, fed interest rates, quantitative tightening, Monetary Policy, downturn, banking failure, Money Supply
Source
A recession will unfold this summer and last through the middle of 2024, Everco…