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Discover LudwigThe phrase "is squeezing" is correct and usable in written English.
It can be used to describe an action that is currently happening, typically involving applying pressure to something.
Example: "The child is squeezing the stress ball to relieve tension."
Alternatives: "is pressing" or "is compressing".
Dictionary
Exact(60)
Short-term focus on expenses is squeezing financial IS organizations as business reliance on IT continues to increase.
This is squeezing the middle class.
Labour insists it is squeezing these budgets.
Russell Blink is squeezing into a spacesuit.
No. Austerity is squeezing defence budgets.All is not lost.
Not that Mercury is squeezing him for a hit.
Recession is squeezing out smaller and less well-connected firms.
Medicaid is squeezing out all the other expenses".
For the moment, the FHA is squeezing by.
This, however, is squeezing the competitiveness of other Asian economies.
Chrissie Hynde is squeezing triumph out of middle age.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com