US Unemployment Report Becomes Politicized Amid Concerns Over High Interest Rates
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#be35213b ver:0.34

US bank credit contracts for three consecutive quarters, raising concerns of an imminent recession. Companies are borrowing less due to higher interest rates, impacting the economy. Despite robust consumer spending, the US economy is expected to have slowed. However, there are signs of recovery in bank credit, providing hope for economic growth. Chief global economist Nancy Lazar warns of a recession driven by delayed effects of interest rate hikes. Rising unemployment in 21 states signals a recession by year-end. The US economy is divided, with the rich benefiting while the less affluent rely on credit cards. Democrats face pressure to lower rates amid concerns over housing and a weakening labor market. #US #economy #recession #interestrates...

#newstr #UnemploymentReport #Politicization #InterestRates #Economy #FederalReserve #Democrats #MonetaryPolicy #RateCuts 

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