Surveillance: Forget About Fed Cut, says Sahm
Bloomberg Surveillance
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California's Economy Is a State of Distress
There's been some very specific areas of distress in California. The question now is where we see these pockets of stress? Do they spread? Do they resolve themselves kind of locally? We can't know that yet, but that's something to be watching. It's that spread that could eventually push the whole economy into a recession.
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