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Truckers Face Bad Business Environment and Experts See It Getting Worse

Truck drivers and larger carriers are facing a tough business environment, which may get worse than it did . ....

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US banking failures are signaling major stress on the economy stemming from Fed rate hikes

US banking failures are signaling major stress on the economy stemming from Fed rate hikes
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Recession Odds Are 70% and US Faces Stagflation Problem: Larry Summers

Inflation is unlikely to get back to the Fed's 2% long-run target without a recession, according to former Treasury Secretary Larry Summers. ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:15:00

The fed is going to raise again. they have to. they have committed to getting inflation back to the 2% goal. they haven t made a lot of progress. yes, they re long. they have to have more restrictive policies. they ll do that. what happens to cap x? well, companies are not going to make acquisitions and expand factories. they re going to come back on equipment and everything else. what are you getting the second half? a flat to down economy. those worried about recession probabilities, they re dead on. the second half of the year is where the recession is very high. charles: so we got one more hike. here s the thing that might be more frightening then. everyone agreeing the fed will hike. the massive amount of folks saying that the fed will have to cuts rates before this year is over. maybe in september. that means they destroyed the economy, right? if you re hiking, hiking and all of a sudden you have to make a u turn and cut, cut, you ve broken something badly. well, this is amon ....

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Summers says recession probabilities rising, Fed nearing the end

Former U.S. Treasury Secretary Lawrence Summers said the likelihood of a U.S. recession is rising after a series of weak economic indicators and that the Federal Reserve is approaching the end of its series of interest-rate hikes. ....

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