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The current economic landscape shows significant warning signs that could indicate the onset of a recession. Key indicators include the sharp decline in automobile sales, worsened by rising prices and increasing inventory pressures. Durable goods purchases are also faltering as high interest rates on credit make large acquisitions unaffordable. Furthermore, housing activity faces its own challenges, with escalating home prices and prohibitively high mortgage rates contributing to a slowdown in the real estate market. The combination of these sectors in distress suggests that the economy could be on a shaky path, potentially leading to a recession if the Federal Reserve’s policies continue to restrict growth.
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Listen to the best highlights from the podcasts you love and dive into the full episode