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  <title>Anatomy of a Business Cycle</title>
  <description>Claudia Macaluso explains how economists identify the points of expansion and contraction in the national economy and how the current business cycle differs from past cycles. Macaluso is a senior research economist at the Federal Reserve Bank of Richmond. Full transcript and related links:  https://www.richmondfed.org/podcasts/speaking_of_the_economy/2026/speaking_2026_05_06_business_cycles </description>
  <author_name>Speaking of the Economy</author_name>
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