Warning signs of potential recession emerge in US economy, debate on interest rate cuts.

From Investing.com: 2024-06-19 07:35:00

The US economy is showing signs of slowing growth, sparking talks of a potential recession in the second half of 2024. Economic indicators like the Economic Trend Index and Economic Momentum Index are pointing towards a downturn, with estimates suggesting recessionary conditions could start as early as August. Despite some conflicting data, economists are debating whether cutting interest rates could help avoid a recession. Chief economist Claudia Sahm warns of the risk and questions the Fed’s approach, emphasizing the importance of taking action to prevent an unnecessary economic downturn.



Read more at Investing.com: Recession Risk on the Rise as Warning Signs Start to Emerge