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In this photo taken while zooming with a slow shutter speed Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington.
In this photo taken while zooming with a slow shutter speed Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington.

Alex Brandon/AP Photo

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economy, Markets, recession-outlook-2024, downturn, fed-rate-cuts, downturns, fed-pivot, interest-rate-cuts, monetary-policy, jobs-report
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A 'proper' economic downturn is looming, which could trigger steep rate cuts as…