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US Economy Careens Between Glee and Gloom With Each Data Release

(Bloomberg Businessweek) — The economy is putting out very mixed vibes. One day there’s an indicator that points toward US recession. The next day, talk of the expansion’s demise is dismissed as exaggerated after another stellar jobs report. “It’s really odd to think of an economy where you add 2.5 million workers and output goes down,” said Federal Reserve Governor Christopher Waller on a July 7 webcast. “I don’t know what kind of …

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