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Your Evening Briefing: Junk Bond Market Says No US Recession

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Photographer: Jonathan Alpeyrie/Bloomberg

The US junk bond market is forecasting that the economy may weaken, but won’t tip into a recession. The indicators come as Federal Reserve officials vow to continue to fight inflation aggressively, even if higher rates increase the risk of a downturn. But some strategists and money managers think credit markets aren’t paying enough attention to how bad any potential upcoming downturn could be. 

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