New Data Points To “Uncomfortably High” Recession Risks

Recent labor market data suggests that the U.S. may already be entering the recession that some economists have for months been anticipating, according to the global financial services firm and credit ratings agency Moody’s. The company devised a new model to determine whether and when the country is in the midst of a downturn. Incorporating …

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Global markets have turned highly unstable. The odds of panics, financial crashes, and crises are uncomfortably high.

via creditbubblebulletin: Somehow, it staged a remarkable comeback. “Transitory” was spoken five times during the post-meeting press conference, twice by Chair Powell: “As I’ve mentioned, it can be the case that it’s appropriate sometimes to look through inflation if it’s going to go away quickly without action by us, if it’s transitory. And that can …

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