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Allison Schrager: Why No Recession Yet? Thank the US Consumer

The question isn’t whether Americans will eventually cut back on their spending, but whether they’ll cause a recession when they do. The US economy is being kept afloat with lawnmowers, cars and vacations. US consumers have kept buying these things despite high inflation and the contractionary policy of the Federal Reserve, and they deserve

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Posted: October 27, 2023 Friday 06:30 AM