Odds of a recession in 2024, however, continue to drop.
The U.S. economy continues to show signs of weakening as a key economic gauge has fallen for the 18th consecutive month amid high inflation and Fed rate hikes.
A key economic indicator that helps predict recessions dropped in August for the 17th consecutive month, suggesting a downturn ahead.
Odds of a recession in 2024, however, continue to drop.
The U.S. economy continues to show signs of weakening as a key economic gauge has fallen for the 18th consecutive month amid high inflation and Fed rate hikes.
A key economic indicator that helps predict recessions dropped in August for the 17th consecutive month, suggesting a downturn ahead.