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US Recession Signals Mount as Fed Faces Political Pressure
US Recession Signals Mount as Fed Faces Political Pressure
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BTCCSquare news:
The Conference Board's Leading Economic Index fell for the sixth consecutive month in May, declining 0.1% to reach a nine-year low. With a 16% drop from its peak and 37 monthly declines out of the past 39, the indicator now flashes a classic recession signal—every similar pattern since 1960 has preceded an economic contraction.
Federal Reserve Chair Jerome Powell prepares for contentious congressional testimony this week amid growing dissent within the central bank. Trump-appointed governors Michelle Bowman and Christopher Waller have publicly advocated for rate cuts as early as July, breaking with the Fed's cautious stance on inflation.
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