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- The US's chances of avoiding a recession just got smaller, according to Mohamed El-Erian.
- The top economist pointed to two trends that could help push the economy into a downturn.
- The New York Fed has priced in a 56% chance of a recession happening by September 2024.
There are two reasons why America's odds of avoiding a recession may be dwindling, according to top economist Mohamed El-Erian.