Sahm Rule Predicts Recession
This is a U.S. news story, published by Creditnews, that relates primarily to Claudia Sahm news.
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•The creator of leading recession indicator says 'this time is different' | Creditnews
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The Sahm Rule signals recession when the unemployment rate’s three-month moving average increases by at least half a point from its 12-month low.
Former Federal Reserve economist Claudia Sahm says her famed recession indicator has already flashed red, but that doesn’t necessarily mean the U.S. economy is in a downturn.
Sahm: " The United States is not in a recession or even on the verge of one. GDP is on track to grow about 3% for the second straight quarter ".
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