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Caroline Baum: Don’t be too quick to give the economy the all-clear signal
Recession risk abates, but there are plenty of reasons to be cautious. The U.S. stock market is near all-time highs, the unemployment rate is near 50-year lows, the Federal Reserve reduced interest rates by 75 basis points in a three-month time period, and the yield curve has un-inverted. So all’s right with the world, or at least the U.S.,
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Posted: December 4, 2019 Wednesday 06:10 AM