Quincy Krosby, chief investment strategist at The Hartford, told CNBC’s “Closing Bell” that a Federal Reserve rate hike probably would push the economy into recession.
“I think they have moved closer to neutral than a bias to hike,” Krosby said. “I don’t think they want to hike. If they are forced to, they may. But the repercussions of a hike are going to be, I think, pushing us toward a recession.”