16.7 C
New York
Thursday, September 29, 2022

Buy now

spot_img

US Economy Shrinks for a Second Quarter, Fueling Recession Fears


“The more important point is that the economy has quickly lost steam in the face of four-decade high inflation, rapidly rising borrowing costs, and a general tightening in financial conditions,” Sal Guatieri, senior economist at BMO Capital Markets, said in a note. “The economy is highly vulnerable to slipping into a recession.”





Source link

Related Articles

Stay Connected

0FansLike
3,506FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles