Reported 2 months ago
Recent data revealing a rise in U.S. unemployment to 4.3% and a slowdown in job creation has fueled fears of an impending recession, despite ongoing growth in GDP and a resilient services sector. The Federal Reserve's challenge lies in balancing interest rates amid cooling inflation while addressing these employment trends, which historically signal economic downturns. Analysts suggest that potential policy changes could emerge if the downturn solidifies, although the severity of a recession may be less than in previous crises.
Source: YAHOO