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FedEx CEO: US Economy Is Not Recession Bound

FedEx Chief Executive Fred Smith said Thursday that he does not expect the U.S. economy to slip back into recession. “We don’t see a contraction; we don’t see a recession,” FedEx’s [ FDX 70.7899 +0.3799 (+0.54%) ] Smith said at a meeting in Columbus, Ohio, where General Electric [ GE 15.302 +0.032 (+0.21%) ] unveiled research on midsized companies.

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