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The economy has over a 50% chance of tipping into a recession, according to Northwestern Mutual's chief investment officer.

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  • It may be too late for the Fed to stop a recession now, according to Northwestern Mutual.
  • The firm flagged the risk of a coming downturn, despite the Fed being set to cut rates in September.
  • Hiring conditions have been weakening, with the unemployment rate spiking past 4% in July.

The Federal Reserve's efforts to boost the economy may be coming too late, according to Northwestern Mutual.

The financial services firm flagged the risk of a potential recession, even as the Fed looks poised to cut rates to keep the economy stimulated.

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economy, job-market, Recession, Fed, fed-rate-cuts, recession-outlook, job-market-outlook, Unemployment, tyler-le, bi-illustration
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