Economist Claudia Sahm cautioned that the Federal Reserve’s reluctance to cut interest rates could potentially push the economy into a recession. What Happened: Sahm, the economist behind the “Sahm Rule,” which predicts recessions based on unemployment rates, is concerned about the current trajectory of the U.S. economy. The rule suggests that when the unemployment rate’s three-month average is half a percentage point higher than its 12-month low, a recession is imminent, reported CNBC. As the unemployment rate has been increasing, the Sahm Rule has been gaining attention on Wall Street, spark…
