Is the US about to go into a recession?
To be sent to the wider media:
A senior Federal Reserve official has warned of a possible US recession after “eye-popping” lay-offs from major companies amid a slump in consumer confidence.
Christopher Waller, a member of the Federal Reserve Board of Governors, said he would vote for an interest rate cut at the central bank’s next meeting in December because of clear signs that the US economy was “significantly slowing” compared to last year.
US job cuts so far in 2025 have surged by 65% compared to last year, and October’s total was the highest for that month since 2003, according to a report by Challenger, Gray & Christmas, a company that helps laid off workers find jobs.
- Do you think the US will go into recession?
- How will this affect the UK? Will it be negatively affected?
- What do you predict over the next few weeks and months?
Responses ASAP please.


