This NEWS Moves The U.S. Toward Recession

Recession is on the way! Moody's downgraded the US credit rating to negative, citing ongoing deficits and soaring debt levels. As we gear up for the release of the Consumer Price Index (CPI), expectations loom at 3.3% annually, with Federal Reserve Chairman Powell emphasizing a focus on core CPI. Alibaba's earnings report is on the horizon, with projections of $2.09 per share and $30.74 billion in revenue. Amidst uncertainties in the market, we discuss the cautionary advice from billionaire Jeffrey Gundlach to steer clear of the overvalued "Magnificent Seven" stocks. We explore the potential impact of rising interest rates and delve into signs of economic challenges, from consumer spending dips to increased credit card delinquencies. It's a dynamic landscape, and we're here to navigate the complexities and share insights into the ever-evolving economic scenario.

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Видео This NEWS Moves The U.S. Toward Recession канала Everything Money