{"id":137091,"date":"2024-09-11T17:00:23","date_gmt":"2024-09-11T14:00:23","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137091"},"modified":"2024-09-10T17:22:51","modified_gmt":"2024-09-10T14:22:51","slug":"us-recession-risks-drop-as-market-outlook-improves","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/us-recession-risks-drop-as-market-outlook-improves\/","title":{"rendered":"US Recession Risks Drop as Market Outlook Improves"},"content":{"rendered":"

Data<\/a><\/strong> from Polymarket shows that as of September 9, the probability of a recession has fallen to just 7%, a significant drop from August\u2019s peak of 30%. This prediction market bet, which runs until the end of the year, has garnered nearly $245,000 in wagers.<\/p>\n

A recession would be marked by two consecutive quarters of negative GDP growth. Despite recent weak job reports, the overall outlook has improved. Speculation is also swirling around a potential 25 basis point interest rate cut by the Federal Reserve, though the exact impact remains uncertain.<\/p>\n

Economic opinions are mixed. Economist Peter Schiff believes<\/a><\/strong> that the Fed\u2019s actions won\u2019t stave off a recession and suggests that the U.S. might already be in one.<\/p>\n