Reported 2 months ago
Recent economic data, including a modest rise in the Producer Price Index (PPI), has fueled discussions about a potential official recession in the US. Analysts, including University of Akron's Dennis Gartman, suggest that the Federal Reserve may implement interest rate cuts in response to the declining economic indicators, including a peak in leading economic indicators and an increase in consumer credit card debt. Gartman predicts that the changes in monetary policy may take effect in September, potentially leading the Fed to lower rates significantly over the next few years, which could subsequently raise unemployment rates above 5% and signify an official recession.
Source: YAHOO