U.S. recession probability starts to recede

Freepik The probability the U.S. economy will experience an official period of recession has begun to recede. Those odds peaked at the time of our previous update, just before the U.S. Federal Reserve announced it would hike the Federal Funds Rate by another quarter point, bringing its target range up to 5.25-5.50%. This change had been widely expected. But despite that increase,…