The argument supporting a 2023 US recession is weakening

Money MattersAmerican PoliticsHot Spots
Written By Jennifer Joslyn

The case for a 2023 US recession is weakening due to the strong jobs market. Hiring has accelerated, with employers adding 339,000 jobs in May, more than expected and the most in any single month since 2019. Economists are increasingly confident that a recession won't occur this year, although risks remain in the medium-term, such as the impact of high inflation on consumers and the potential consequences of the Federal Reserve's aggressive interest rate hikes.

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Jennifer Joslyn
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