4 ms·
Growth was already slowing in 2019, which is why the fed started dropping rates in June. In fact 2019 was the lowest growth in the entire decade, the lowest sin
by pram 5y ago
Growth was already slowing in 2019, which is why the fed started dropping rates in June. In fact 2019 was the lowest growth in the entire decade, the lowest since 2008.
https://www.bbc.com/news/business-50234626 https://www.bbc.com/news/business-50234626
- ineedasername 5y agoThat same article, in analyzing the trends, gave the opposite opinion though: that we were less likely to enter a recession than some had thought: "Wednesday's figures, suggesting resilient consumer spending and strong-than-expected housebuilding, is likely to ease fears that the US will enter recession."