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- The US economy could slip into a surprise recession in 2024, Morgan Stanley warned.
- The Fed and Treasury merely delayed a recession this year by propping up economic growth.
- The Fed could slash interest rates next year as a downturn strikes.
The US economy could be in for a surprise recession in 2024 that will put pressure on the Fed to drag interest rates lower, according to Morgan Stanley strategists.
The bank listed its "Top 10 Surprises for 2024" in a note earlier this month, and among them is that a hard landing "arrives in style."