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K-Shaped Recovery in U.S. Economy | Durham News
Bank of America’s latest outlook reveals a resilient U.S. economy defying slowdown predictions—thanks to strong consumer spending and a steady labor market. But beneath the surface, a dangerous K-shaped recovery is unfolding: wealthier households enjoy “reflation” as they spend freely, while lower-income families face “stagflation” from rising prices and borrowing costs. Sticky inflation, fueled by services demand and tariffs, may force the Fed to hike rates further—even as growth continues. Meanwhile, AI is turbocharging GDP and boosting tech giants, but its benefits aren’t shared equally…
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