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Is the United States on the verge of a major recession?
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It is hard to say for sure. There are many economic indicators that suggest that the US economy could be headed toward a recession, but there are also some positive signs. The Federal Reserve has been cutting interest rates in an attempt to stimulate the economy, and consumer spending has increased slightly in recent months. However, other factors such as trade tensions and rising oil prices have led economists to believe that the US economy could be headed for a downturn.