Possible Economy Troubles Looming

The Fed announced it’s raising interest rates again, but hinted that there might be a pause in June.  As a result, stocks ended the day lower, with all indices down by less than 1%.  In other economic news, following Treasury Secretary Janet Yellen’s announcement that the US could default on its debt as soon as June 1, the White House warned of the consequences of a prolonged fight in Congress. White House economists warned of significant job losses and a stock market crash if the U.S. defaults. Fears of a potential recession continue to loom among economists.

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