What Recession?What Recession?
Some economists say a U.S. recession may have been averted, as the markets and some economic indicators have improved since the Federal Reserve engineered a bailout of Bear Stearns in March. The Fed's quick move to slash interest rates to 2 percent helped, too. Wachovia, for one, now puts the odds of recession at just 45 percent, down from 90 percent in April, say published reports.
June 1, 2008
Kristen French
Some economists say a U.S. recession may have been averted, as the markets and some economic indicators have improved since the Federal Reserve engineered a bailout of Bear Stearns in March. The Fed's quick move to slash interest rates to 2 percent helped, too. Wachovia, for one, now puts the odds of recession at just 45 percent, down from 90 percent in April, say published reports.
