Mixed Views on US Economy as Recession Concerns Persist
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#be35213b ver:0.32

Bank credit in the US is contracting, raising concerns about the economy and the potential for a recession. The decline in lending is attributed to higher interest rates, making loans more expensive. Delinquency rates on loans are also rising, indicating financial pressure on consumers. Despite these concerns, there are signs of a recovery in bank credit, providing hope for economic growth. However, economists warn of a potential recession driven by inflation, job concerns, and rising rent and house prices. The Biden administration faces the challenge of promoting savings and ensuring economic stability. #US #economy #recession #bankcredit #interestrates #inflation...

#newstr #UsEconomy #Recession #InterestRates #BankLending #EconomicIndicators 

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