US Economy Faces Uncertainty as $2.1 Trillion in Savings Leave Banks Amid Recession Predictions
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#be35213b ver:0.2
The US economy faces uncertainty as $2.1 trillion in savings leave banks amid recession predictions. Bank credit is contracting, indicating companies are borrowing less due to higher interest rates. Experts warn of increased economic uncertainty and a higher chance of recession. Other indicators, such as declining economic activity and tightening underwriting standards, raise concerns about a potential economic slowdown. Lenders anticipate rate cuts and express concern about loan losses and bankruptcies. Despite some optimism in the CRE finance industry, concerns remain about rate cuts, inflation, and slower GDP growth. Recovery in bank credit provides hope, but economists warn of a potential recession and the need to reduce spending. The US economy must address inflation, job concerns, and rising rent and house prices to ensure stability. #US #economy #recession #bankcredit #interestrates #economicindicators #lending #savings #inflation #jobs #Bidenadministration...
#newstr #UsEconomy #Recession #Inflation #Jobs #Rent #HousePrices #Debt #Banks #CreditCardDebt #Savings
https://here.news/story/be35213b?ver=0.2
'Real damage' incoming: Recession probability' extremely elevated /
npub1j7…uvgcw
2024-05-14 06:58:00
Author Public Key
npub1j7c7dnvsgwe6vye5364xqqe7370jqsn45h2fpkw7vyyv2933vgvqyuvgcwPublished at
2024-05-14 06:58:00Event JSON
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"content": "US Economy Faces Uncertainty as $2.1 Trillion in Savings Leave Banks Amid Recession Predictions\n===============\t\n#be35213b ver:0.2\n\nThe US economy faces uncertainty as $2.1 trillion in savings leave banks amid recession predictions. Bank credit is contracting, indicating companies are borrowing less due to higher interest rates. Experts warn of increased economic uncertainty and a higher chance of recession. Other indicators, such as declining economic activity and tightening underwriting standards, raise concerns about a potential economic slowdown. Lenders anticipate rate cuts and express concern about loan losses and bankruptcies. Despite some optimism in the CRE finance industry, concerns remain about rate cuts, inflation, and slower GDP growth. Recovery in bank credit provides hope, but economists warn of a potential recession and the need to reduce spending. The US economy must address inflation, job concerns, and rising rent and house prices to ensure stability. #US #economy #recession #bankcredit #interestrates #economicindicators #lending #savings #inflation #jobs #Bidenadministration...\n\n#newstr #UsEconomy #Recession #Inflation #Jobs #Rent #HousePrices #Debt #Banks #CreditCardDebt #Savings \n\n https://here.news/story/be35213b?ver=0.2",
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