The economic impact of overturning Roe v. Wade

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Hello, Daily Money readers. It’s Jayme Deerwester with you on this Friday, which saw the U.S. Supreme Court reverse Roe v. Wade, ending 50 years of federal protection of abortion. 

So what happens now?

There will be many more stories to come but USA TODAY has already examined the myriad ways the decision could impact women in a country without paid family leave or child care, the ability to buy Plan B (also known as the morning-after pill), and privacy issues. We have also considered the travel implications of reversing Roe, as women in states where abortion is effectively banned may pursue having the procedure done in states or countries where it is legal, and whether more companies will subsidize travel expenses for those who do.

Let’s get on to the rest of today’s consumer news.

Is it too late to prevent a recession?

The Federal Reserve has promised to do “whatever it takes” in its fight against soaring inflation. That may even include allowing the economy to fall into a recession, which is when the U.S. gross domestic product declines for at least two consecutive quarters. 





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