Top economist warns the U.S. is 'on the precipice of recession' — and it will be hard for the Fed to come to the rescue

  • Posted on August 3, 2025
  • By Fortune
  • 1 Views
Top economist warns the U.S. is 'on the precipice of recession' — and it will be hard for the Fed to come to the rescue

"Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall."
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Author
Fortune

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