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Navigating Recession Risks
This chapter examines the heightened likelihood of a recession in the U.S. economy over the next year, emphasizing the Federal Reserve's role in managing interest rates and inflation. It highlights the delicate balance between sustaining a healthy labor market and avoiding economic downturns, while reflecting on historical trends that complicate predictions. The discussion underlines the importance of cautious interpretation of employment data and the implications for future monetary policy adjustments.