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State conditions worsen, raising the risk of recession

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Economic growth narrows across states. Recession odds still low, but risk for the near-term rises. Existing home sales continue to decline. Price pressures ease slightly, partly due to seasonal effects. Mortgage applications pick up in the latest week, but trend remains negative. Architecture billings and freight activity both improve, showing that demand in these sectors is still positive.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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