of the woods yet about a recession? yeah. rahel, i do, i mean, inflation is still too high. the reserve is raising interest rates aggressively to slow the economy and get that inflation back down. and historically, when we re in this kind of environment it often lands us in recession. so, i agree with the treasury secretary that recession risks are abating. the job market in particular is showing amazing resilience. can t have a recession if we re creating lots of jobs and that s what kear doing right now. so recession is high but i think we have a fighting chance to get through one without actually suffering one. when you say recession risk is high. what is your probability, mark, in terms of moving forward when we look forward at risk of inflation? i d say next year, between next july 4th had 1 in 3 probability. to put into context in a typical year the probability is probably half that, right. historically, recession is once
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MARKET WRAPS Stocks: European stocks made solid gains on Thursday following the debt-ceiling approval in the House of Representatives, and as a private gauge of China's factory activity bounced back to expansion in May. The positive sentime. | 06:11am