One economist still feels a recession is looming — because corporate borrowing costs could shoot up, thanks to rising interest rates

• Fidelity International's Salman Ahmed is predicting a recession on the back of high interest rates, per Bloomberg.
• That's because the corporate debt that expires in the next few years will face higher refinancing costs.
• About a quarter of US investment-grade debt is maturing between 2023 and 2025, per Fidelity.

The US economy may appear strong, but the Federal Reserve's relentless rate hikes may bring about a recession as they work through the system, according to one prominent economist.