If a recession in the US has started, or is imminent, the threat has yet to show up in the latest run of nowcasts for third-quarter GDP. That’s no guarantee that the economy will continue expanding, but it’s an encouraging sign.

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* Exxon forecasts fossil fuels to dominate energy use through 2050
* IBM is latest tech firm to downsize in China
* UBS Wealth Management sees US recession risk odds ticking up to 25%
* Texas factory activity exhibited little growth in August: Dallas Fed survey
* US durable goods orders surge in July due to transport equipment orders:

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