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Nightly News
Recession fears easing as dueling economic narratives take hold
NBC News Clone summarizes the latest on: Recession Fears Easing As Dueling Economic Narratives Take Hold 189853253528 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.
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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.Aug. 2, 2023
