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How the economy upended expectations of a recession in 2023

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It was a year in which many experts got a lot of things wrong about the economy. Many economists believed the Fed's battle to tame inflation with interest rate hikes would trigger high unemployment and a recession. Instead, inflation was cut in half, the economy added more than 2.5 million jobs and the S&P 500 rose to near record highs. Geoff Bennett discussed more with Roben Farzad.

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Category
U.S. & Canada
Tags
2023 economy, supply chain, unemployment
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