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‘Recession Fatigue’ as Consumers Begin to Break

Started by Epoch-Times-Bot, Oct 17, 2022, 11:45 AM

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Epoch-Times-Bot

'Recession Fatigue' as Consumers Begin to Break

Commentary 
“Recession fatigue” is setting in as consumers struggle under rising interest rates, high inflation, and a declining stock market. Such was the point made in a recent CNBC article:
“As the Federal Reserve aggressively raises rates to combat persistent inflation, the tough stance could come at a price. Already, falling stock markets have wiped out more than $9 trillion in wealth from U.S. households.”
Fed Chairman Jerome Powell also warned the central bank's upcoming moves to fight soaring prices may cause "some pain" ahead.
And yet, 31 percent of Americans said they are not equipped for an economic downturn and are not actively doing anything to better prepare for one, according to a recent Bankrate.com report....

Source: 'Recession Fatigue' as Consumers Begin to Break


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