Recession Fears Loom as Rates Rise, Slowing Growth
• Recession worries reemerge as high interest rates sap economy
• U.S. defied widespread forecasts of recession this year, but economy probably won’t escape unscathed in 2024
• Most economists predict a sharp slowdown in growth as high interest rates weigh on households and businesses
• Cumulative effect of high inflation over past three years will remain a big drag
• There’s...