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Monday, September 16, 2024

Stripe employees get to sell $1bn of shares

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Signs Pointing Towards a 2023 US Recession Weakening, Experts Say

By Pete Sadler
Photo by Karolina Grabowska: https://www.pexels.com/photo/woman-calculating-money-and-receipts-using-a-calculator-5900228/


Many CEOs, investors and economists had penciled in 2023 as the year when a recession would hit the American economy.

The thinking was that the US economy would grind to a halt because the Federal Reserve was effectively slamming the brakes to squash inflation. Businesses would lay off workers and inflation-weary Americans would slash spending.

But the case for a 2023 US recession is crumbling for a simple reason: America’s jobs market is way too strong.

Read More : Signs Pointing Towards a 2023 US Recession Weakening, Experts Say

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