Economist Pours Cold Water On September Rate Cut: 'We Need To See Some Sustained Weakness'
Benzinga
2024-08-12
Views 63
A recession means sustained strong weakness throughout the economy, both geographically across the country and sectors, says an economist. Data used for making forecasts about macroeconomic conditions are based on surveys and there is likely to be month-to-month bumps, he adds.
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