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US jobless claims fall and retail sales surge, easing recession fears and boosting financial markets.
The Epoch Times talked with several financial experts who provided tips on navigating a potential recession.
Labor market strains deepen as part-time work for economic reasons surges to multi-year high
The number adds to other labor market data, signaling labor market softening.
Fed policymakers ‘certainly don’t want to cause a recession when it’s unnecessary—that’s the balancing act,’ Ms. Yellen said.
The Minneapolis Federal Reserve chief said that policymakers need to see ‘a lot’ more data showing inflation is trending down before an interest rate cut.
‘Beware of higher rates and recession,’ he said.
