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recessionABC News
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83% Informative
The Labor Department is expected to report Friday that employers added a decent but hardly spectacular 140,000 jobs last month .
Economists had expected that the Federal Reserve’s aggressive campaign to subdue inflation would cause a recession.
The economy kept growing even in the face of ever-higher borrowing costs for consumers and businesses.
Consumer prices were up 2.5% from a year earlier in August , barely above the Fed ’s 2% inflation target.
The central bank has signaled that it expects to cut its key rate twice more this year — likely by modest quarter-points.
The expectation of lower borrowing costs could encourage employers to pick up the pace of hiring.
VR Score
91
Informative language
95
Neutral language
20
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Source diversity
1
Affiliate links
no affiliate links