Mixed Economic Signs Point to Slowing Growth and Possible Recession
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Despite a strong November jobs report, other economic indicators point to a weakening labor market and impending recession.
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Inflation data continues to improve due to falling oil and commodity prices. This will help lower inflation expectations.
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The holiday retail season is expected to be slow, according to earnings reports from retail executives.
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China's economy is clearly in recession, with possible defaults on local government bonds looming.
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A U.S. recession has either already begun or is imminent based on contracting industrial activity and tightening credit conditions.