Reported 2 months ago
Despite a weaker-than-expected jobs report and a rising unemployment rate, experts are reassuring that the economy is not in a recession. Job creation under President Biden remains strong, with 114,000 jobs added in July, despite concerns triggered by indicators like the Sahm Rule. Investor anxiety has led to stock market declines, but the prevailing view suggests the economy is stabilizing rather than deteriorating further. Meanwhile, forecasts point to potential Fed rate cuts to support growth, minimizing the risk of a recession in the near future.
Source: YAHOO