(Bloomberg) — The U.S. economy is in entering dire straits as the longest expansion in its history increasingly looks in jeopardy.Manufacturing is contracting, services look wobbly and now the previously solid labor market is cracking. That leaves investors worried that the economy is barreling toward its first recession since 2009 even though Bloomberg Economics sees just a 25% chance of that occurring next year.Having previously indicated a willingness to take to the sidelines after reducing interest rates twice this year, Federal Reserve Chairman Jerome Powell has two opportunities this week to re-calibrate his outlook as investors increasingly press for a …read more
Source:: Yahoo Finance
