HomeBusinessBNP sees Fed terminal rate of 5.25% in Q1, U.S. recession in Q2FILE PHOTO: A logo on a BNP Paribas bank branch Estimated read time 1 min read FILE PHOTO: A logo on a BNP Paribas bank branch FILE PHOTO: A logo on a BNP Paribas bank branch in Paris, France, February 9, 2022. REUTERS/Benoit Tessier/File Photo