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A U.S. Recession Just Got a Little More Likely
A delayed Federal Reserve rate hike, turmoil in global equity markets... and now increased expectations for a downturn in the U.S. The probability that the world's biggest economy will enter a recession in the next 12 months jumped to 15 percent, its highest level since October 2013, according to economists surveyed Oct. 2-7 by Bloomberg. The median had held at 10 percent for 13 consecutive months. Concerns over China, and the potential spillover to other economies, have led economists to cut their third-quarter growth forecasts to 2 percent from as high as 3 percent in July. China also is worrying Fed officials, who ... (full story)
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