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A ‘recession’ is defined by the National Bureau of Economic Research (NBER) as a “significant decline in economic activity that is spread across the economy and lasts more than a few months”.

Winston churchillRefinitiv datastreamFederal reserveBank loan creation still highNational bureau of economic researchChief investmentNational bureauEconomic researchRecession dashboardWeekly viewFed funds rate differentialTreasury noteFed fundsEmployment picture remainsConfidence again near multi yearConference board