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Fed used the word "recession" in the statement released today


JaiBalayyaaa

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KEY POINTS
  • Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according to Federal Reserve documents released Wednesday.
  • Federal Reserve staff gave FOMC members a presentation about potential repercussions from the failure of Silicon Valley Bank and other tumult in the financial sector that began in early March.
  • Though Vice Chair for Supervision Michael Barr said the banking sector “is sound and resilient,” staff economists said the economy will take a hit.

 

https://www.cnbc.com/2023/04/12/fed-expects-banking-crisis-to-cause-a-recession-this-year-minutes-show.html

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2 minutes ago, *Prince Charming said:

Banking crisis out of syllabus la vacchindi. First ninchi focus was just on Inflation.

Keep on printing, how do they expect that nothing will happen. 

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1 minute ago, JaiBalayyaaa said:

Keep on printing, how do they expect that nothing will happen. 

already budgeting cuts tooo much acvutunayi bro q2 planning kuda sarigga cheyadam ledu  job market is alos getting crazy

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2 minutes ago, dasari4kntr said:

stop planning for bigger purchases…like houses and tesla…wait for few months…

What about people already bought homes and waiting to move in ??

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7 minutes ago, yemdoing said:

tell this to ladies uncle... pressure akkadinunche ga 

 

0:00 - 3:00 This is literally what happens in most showoff wannabe uncles homes..... No first nights without Tesla Model Y and min 3500 sqft East facing homes @3$%

 

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