Economic Storm Clouds Gathering: Recession Risk Rises Despite Solid Growth
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Interest rates have spiked recently despite Fed signaling pause in rate hikes, likely due to increased risk perception.
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Economic data still shows growth, but leading indicators point to imminent recession. Shelter inflation set to moderate.
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Consumer and business sentiment has plunged, wage growth slowing.
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Housing market very weak due to high mortgage rates and low affordability.
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China likely in recession already, which will have global deflationary impact.