Reported about 2 months ago
In a recent discussion, Steven Rattner of Willett Advisors indicated that the US economy is showing signs of slowing down, despite a 2.9% rise in the Consumer Price Index in July, marking the lowest increase since 2021. He suggested that the Federal Reserve has the opportunity to cut interest rates, but whether this slowdown signifies the onset of a recession is still uncertain. Rattner emphasized the difficulty in predicting economic shifts, cautioning that the actual transition into or out of recession may only be recognized after significant developments have occurred.
Source: YAHOO