NABE Survey: Businesses see lower odds US in or entering recession
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Early Monday morning in Europe, the National Association of Business Economics (NABE) released details of its January 4-11 survey on the US business conditions while pushing back the recession woes in the world’s largest economy.
“The likelihood that the United States is already in recession or will fall into one this year has dropped over the past three months to 56% from a nearly two-thirds possibility,” said NABE per Reuters.
The news fails to inspire any market reaction amid the off in China and light calendar in Asia, not to forget the pre-Fed blackout period of two weeks. Even so, the EUR/USD bulls appear to run out of steam around 1.0900 by the press time.
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