The U.S. economy may be on the brink of a recession? Powell needs to be careful tonight!
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Investment research institution BCA Research warned that the US economy may be on the brink of a recession. Chief strategist Garry Evans pointed out that the deteriorating labor market and rising unemployment rate indicate an economic slowdown, making it difficult for the expected rate cuts by the Federal Reserve to prevent a recession. Data shows that the unemployment rate has risen to 4.3%, and manufacturing activity has dropped to an 8-month low. Although the market generally believes that the US has not yet entered a recession, a survey shows that about three-fifths of Americans believe the economy has entered a recession
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