'Real damage' incoming: Recession probability' extremely elevated
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#be35213b ver:0.16

Bank credit in the US is contracting for the first time since the Great Recession, raising concerns about an imminent recession. The decline in lending is attributed to higher interest rates, making loans more expensive. Other economic indicators, such as declining sales and shrinking commercial loans, also point to a potential economic slowdown. However, there are signs of recovery in bank credit, providing hope for the economy. Despite this, the chances of a recession are peaking, with the yield curve steepening and rising inflation complicating the Federal Reserve's plan to cut interest rates. #Recession #Economy #BankCredit...

#newstr #UsEconomy #Recession #YieldCurve #FederalReserve #Gdp #Inflation 

 https://here.news/story/be35213b?ver=0.16