Customers shop at a retail store in Vernon Hills, Ill., Monday, June 12, 2023. The most-anticipated recession probably in modern U.S.
history still hasn't arrived. Despite higher borrowing costs, thanks to the Federal Reserve's aggressive streak of interest rate hikes, consumers keep spending, and employers keep hiring.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: