Fed Official Warns of US Recession, Cites Layoffs & Consumer Confidence Drop
Update: 2025-11-18
Description
Federal Reserve official warns of US recession amid surge in layoffs and plummeting consumer confidence. Major companies like Amazon, Paramount, and Target announce significant job cuts, while consumer sentiment hits a near-record low. Christopher Waller, a member of the Federal Reserve Board, suggests a potential interest rate cut in December to mitigate economic strain.
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