The second half of the year will be slower than the first half, but the economy will not slide back into recession, said Richard Fisher, the president of the Dallas Federal Reserve Bank. In an interview on the CNBC cable television channel, Fisher used the analogy for the US economy as a football team moving up the field. He said the economy had been in its own end-zone but had gotten “some spectacular runs” from inventory growth and business spending on software and equipment.

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3d rendering of a row of luxury townhouses along a street

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