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Recession fears easing as dueling economic narratives take hold
This version of Mmvo189853253528 - Breaking News | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.
The latest jobs report from private payroll firm ADP shows the labor market remains resilient. Also, Bank of America now says a soft landing for the economy is likely with a recession being avoided. But the optimism comes as the credit rating agency Fitch downgraded the U.S. credit rating from AAA to AA+. NBC News’ Tom Costello breaks down why and what it means for Americans.
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