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If you’re tired of constantly hearing recession warnings, you may be in good company. But financial experts aren’t just trying to scare consumers for laughs. There are legitimate reasons to believe that economic conditions could decline in 2023.
While inflation has cooled since peaking in mid-2022, it’s still quite high. Not only is that continuing to burden consumers, but it’s something that could cause the Federal Reserve to uphold its aggressive stance on interest-rate hikes.
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