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Economists Balk at Likelihood Slowdown Will Lead to Recession

MIAMI — When the investor and issuer audience at ABS East was asked when the U.S. economy will enter a recession, 44% answered 24 to 36 months. However, chief economists challenged the audience’s opinion, arguing that the chances of an economic slowdown turning into a recession are unlikely. “Recessions are very rare,” said James Sweeney, […]

Despite Strong Job Market, Slow Wage Growth Remains Challenge for Lenders

The economy is in a healthy place that has helped bolster consumer confidence, but an overlooked challenge for lenders is the lack of consumer income growth, Mark Vitner, senior economist and managing director for Wells Fargo Securities LLC, told Auto Finance News. “Income growth has been fairly sluggish,” Vitner said. “But, historically, the No. 1 […]