---
title: "Société Générale: A mild recession in the U.S. may lead to a weaker dollar"
description: "Société Générale strategist Kit Juckes warned that the U.S. economy faces a mild recession risk, which could lead to interest rate cuts and a weaker dollar. He pointed out that slowing growth and high"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261864660.md"
published_at: "2025-10-20T11:06:15.000Z"
---

# Société Générale: A mild recession in the U.S. may lead to a weaker dollar

> Société Générale strategist Kit Juckes warned that the U.S. economy faces a mild recession risk, which could lead to interest rate cuts and a weaker dollar. He pointed out that slowing growth and high valuations in U.S. stocks could repeat the 2001 recession, during which the Federal Reserve lowered interest rates from 6.5% to 1.0%, causing the dollar index to plummet by 40%. Juckes emphasized that if concerns about inflation, economic growth, and market bubbles intensify, the economy could slide into recession, and the declines in interest rates and the dollar could exceed expectations

Société Générale strategist Kit Juckes pointed out that the U.S. economy faces the risk of slipping into a mild recession, which could trigger larger rate cuts and lead to a weaker dollar. He stated that the slowdown in growth and high valuations in U.S. stocks may replicate the mild recession scenario of 2001. Looking back at history, the Federal Reserve slashed interest rates from 6.5% to 1.0% between 2001 and 2003, while the dollar index plummeted by 40% over the following seven years. Juckes warned, "If concerns about inflation, economic growth, asset valuations, and market bubbles ultimately tip the scales, leading the economy into recession, the declines in interest rates and the dollar may exceed our expectations."

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.