Summary
Economist Claudia Sahm, creator of the highly reliable Sahm Rule recession indicator, says growing economic anxiety is understandable but urges caution before declaring a recession. In a podcast with Jean Chatzky, Sahm notes that surging oil prices, geopolitical tensions near the Strait of Hormuz, and falling global markets are raising concerns. However, she emphasizes that her indicator—based on changes in unemployment—has not yet clearly signaled a recession. Sahm also warns against relying on any single metric and says the economic outlook remains uncertain. She advises people to stay informed, avoid panic, and focus on long-term financial planning despite rising economic volatility.
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