Since the Federal Reserve began aggressively hiking interest rates last year, more and more economists warned that a U.S. recession was imminent. But that recession has not yet arrived, and there’s no sign a recession is near even after reliable indicators like the inverted yield curve flashed red flags. Retired Ripon College economist Paul Schoofs says banks report a healthy economy growing at a slower pace with a resilient job market. Schoofs says easing consumer and producer prices have fueled a huge stock rally this year.
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