Economist Sahm's take on the US recession
Edited By WION Video Desk
Published: Aug 11, 2024, 05:00 IST | Updated: Aug 11, 2024, 05:00 IST
To curb inflation, the US Federal Reserve aggressively hiked interest rates for over two years to more than two-decade highs. The central bank had hoped the tightening would not lead to a recession. For the fed, it's a tightrope walk that would be less taxing if there was a solid indicator of recession. This next report delves deeper into one of the recession indicators.
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