The U.S. economy still faces a recession risk: Gary Shilling
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Financial analyst Gary Shilling warns that the U.S. economy still faces a risk of a deeper economic downturn despite avoiding a recession so far. Shilling points to small businesses cutting back on employment and other areas as a sign of economic sensitivity. However, the labor market has remained strong, which has delayed a recession. Shilling is watching for signs of a slowing labor market, such as wage gains, quits, and service inflation. The Federal Reserve plans to cut interest rates at least three times in 2024 but wants to ensure inflation is under control. Shilling believes the Fed is in no rush to cut rates as long as employment remains strong.

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https://www.cnbc.com/2024/04/08/the-us-economy-still-faces-a-recession-risk-gary-shilling.html