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Will Rising Unemployment Trigger A Recession? | Michael Kantrowitz
Despite the Federal Reserve's efforts to tame inflation by cooling the economy with its aggressive "higher for longer" interest rates and Quantitative Tightening, the US has managed to avoid recession. Consumer spending has held up, largely due to the "strong" jobs market. But is that likely to remain the case going forward? And if not, if unemployment starts to rise significantly, what should we expect? Mass layoffs? A recession? A correction in the financial markets or home prices? Or none of these? To find out, we have the good fortune to speak today with Michael Kantrowitz, chief…
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