Is the US headed towards an economic downturn? – The National

Is the US headed towards an economic downturn? – The National

Corporate America is ratcheting up its warnings about the US economy.

Executives including Jamie Dimon, Elon Musk and Gary Friedman, head of furniture retailer RH, all cautioned investors this week to be wary of an economic downturn.

After months of strong consumer spending and supply-chain improvements, some of the country’s most outspoken corporate leaders have started intensifying alarms about decades-high inflation and impending interest rate rises.