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Global recession is inevitable if Strait of Hormuz stays shut, says Citadel’s Ken Griffin

[#item_full_content]A prolonged blockage of the Strait of Hormuz for the next six to 12 months will…

Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait

[#item_full_content]Bessent has previously said the Fed should hasten cutting interest rates, calling reductions “the only ingredient…