Recession is Coming: A Financial Tsunami in the US; Citi Raises Concerns

Sachin | Last updated: 11 September 2024

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Fears of a US recession are intensifying, despite some recent improvements in job numbers. Citi Research highlights that job growth has slowed significantly compared to the past decade, signalling a potential downturn. Other economic indicators, like declining vehicle sales and a cooling real estate market, further support these concerns. The upcoming Federal Reserve meeting is crucial, with potential interest rate cuts expected, but a larger-than-anticipated cut could indicate a more serious economic situation.

As the possibility of an economic recession in the US looms, global attention is now focused on the upcoming Federal Reserve meeting on September 17 and 18. This meeting is crucial as it may provide insights into the direction of the US economy, particularly with discussions about potential interest

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About the Author

Sachin

Finance Manager

Im passionate about accounts and enjoy playing music on the keyboard. When Im not working, youll find me exploring new melodies or diving into the intricacies of Excel. I love solving complex spreadsheets, and Im always up for a challenge that combines creativity with precision.

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