UN Warns that the FED's Plans May Cause a Global Recession—Agency Likens Reliance on Higher Interest Rates to a 'Gamble'

Per Forbes and Reuters

The United Nations Conference on Trade and Development warned that the Fed's plans might cause a global recession.

The agency said that the belief of central banks that higher interest rates could bring down prices without generating a recession is an "imprudent gamble."

A survey by KPMG found that over 90% of CEOs already believe a recession will happen in the next 12 months.