Washington Post

After a summer of panic, fears of a U.S. recession ease a bit

Fed Chair Jerome Powell indicated that he thinks the central bank has provided "meaningful" stimulus to the economy since it began cutting rates in late July and that "monetary policy is in a good place." Foto: AP/Kiichiro Sato

Somewhere around Halloween, the U.S. economy started to look a bit less scary.

Top U.S. and Chinese officials are talking about a trade war truce. Many economic indicators, especially jobs and consumer spending, still look solid, if not strong. The stock market is back at record highs, and many corporate earnings are coming in better-than-expected. Even the bond market, which was flashing red at the end of the summer when the yield curve inverted, now looks a milder yellow...

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