Federal Reserve Chair Jerome Powell began a press conference Wednesday saying “the U.S. banking system is sound and resilient.” Yet several regional bank shares were on the decline Thursday. Wall Street Journal banking reporter Gina Heeb breaks down the possible implications for the economy.
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Economists say the United States is not in a recession, but many companies seem to be bracing for one. With numerous companies announcing massive layoffs and others on hiring freezes, the class of 2023 is getting ready to enter an uncertain job market. “I’ve been looking for jobs for quite […]
