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Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all?

By CHRISTOPHER RUGABER, AP Economics Writer
Published: June 28, 2023, 10:19am
3 Photos
Customers shop at a retail store in Vernon Hills, Ill., Monday, June 12, 2023. The most-anticipated recession probably in modern U.S. history still hasn't arrived. Despite higher borrowing costs, thanks to the Federal Reserve's aggressive streak of interest rate hikes, consumers keep spending, and employers keep hiring. (AP Photo/Nam Y.
Customers shop at a retail store in Vernon Hills, Ill., Monday, June 12, 2023. The most-anticipated recession probably in modern U.S. history still hasn't arrived. Despite higher borrowing costs, thanks to the Federal Reserve's aggressive streak of interest rate hikes, consumers keep spending, and employers keep hiring. (AP Photo/Nam Y. Huh) Photo Gallery

WASHINGTON (AP) — The warnings have been sounded for more than a year: A recession is going to hit the United States. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year.

So is a recession still in sight?

The latest signs suggest maybe not.

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