[Tree] Role of the Business Cycle Dating Committee in determining recessions

Version 0.13 (2023-12-30 17:05:08.449000)

updates: Includes information about James Poterba's role in the committee and the committee's criteria for identifying recessions

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Version 0.12 (2023-10-10 17:15:18.616000)

updates: Provided a comprehensive explanation of the Business Cycle Dating Committee's role in determining recessions

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Version 0.11 (2023-10-10 16:18:56.304000)

updates: Added information about the impact of the economy on churches

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Version 0.1 (2023-10-10 11:14:09.103000)

updates: Added information about the drop in small-business optimism and its contrast to the improved outlook for the US economy

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Version 0.09 (2023-10-10 05:05:08.464000)

updates: Decreased odds of US recession, improved outlook for economy

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Version 0.08 (2023-10-10 03:12:37.502000)

updates: The new narrative provides a comprehensive examination of the fear of a US recession and its implications for the American economy, incorporating additional information about the US economy's reliance on a budget blowout, inflation and rising debt, and the latest estimate of US payrolls. It also includes insights from economist Tatiana Bailey and emphasizes the importance of monitoring recession risk and prioritizing the well-being of the working class.

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Version 0.07 (2023-10-10 01:14:29.058000)

updates: Added information about the fear of a US recession and its implications for the American economy

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Version 0.06 (2023-10-09 17:10:22.594000)

updates: The title has been revised to reflect the focus on the fear of a US recession and the possibility of a self-fulfilling prophecy. The story has been reordered and expanded to provide a comprehensive overview of the factors contributing to the fear of a recession and its potential implications for the US economy and working class.

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Version 0.05 (2023-10-09 14:06:49.726000)

updates: Added perspective on the impact of a recession on the working class

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Version 0.04 (2023-10-08 06:47:00.469000)

updates: Incorporated insights from economist Tatiana Bailey on the potential depth and duration of the recession

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Version 0.03 (2023-10-07 22:46:43.579000)

updates: Incorporated information about bond markets predicting a recession and its potential impact on Biden's re-election. Added details about the US economy relying on a budget blowout and the impact of inflation and rising debt on American families. Mentioned the latest estimate of US payrolls and the Federal Reserve's stance. Highlighted the importance of monitoring recession risk through indicators and upcoming economic estimates.

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Version 0.02 (2023-10-07 05:56:25.412000)

updates: Integration of new information about bond markets predicting recession and its impact on Biden's re-election

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Version 0.01 (2023-10-07 01:59:25.095000)

updates: The new narrative highlights the reliance of the US economy on a budget blowout, the burden of debt, and the rising interest rates. It also emphasizes the impact of inflation and rising debt on American families. Additionally, it mentions the concerns raised by the latest estimate of US payrolls for September and the deteriorating outlook for the US economy in the fourth quarter and early 2024. The Federal Reserve's unchanged policy and the importance of monitoring recession risk are also highlighted.

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Version 0.0 (2023-10-07 00:54:15.393000)

updates: Incorporated information about the budget blowout and its impact on the US economy

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