Worries about a recession dropped sharply this week as better inflation news raised the chance the Fed won't have to slam on the brakes.
Fears of a U.S. recession fears eased this week after the government reported that consumer price inflation cooled sharply in June.
“It’s a Goldilocks economy, I mean, strong economic... Fears of a U.S. recession fears eased this week after the government reported that consumer price inflation cooled sharply in June. “It’s a Goldilocks economy, I mean, strong economic growth… and I don’t see any reappearance of inflationary trends, I see stability,” said Wharton Professor Jeremy Siegal.
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