EY chief economist: Recession fears 'overstated', Fed backs off
Earlier this month, the US Labor Department reported that job growth slowed in July and that unemployment reached 4.3%. the highest rate as of October 2021. The weaker-than-expected report prompted Goldman Sachs to raise odds of a recession from 15% to 20% and JPMorgan Chase at increases chance from 25% to 35%. Based on the…
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