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The board said that consumers’ view of current conditions tumbled 9.7 points to a reading of 134.3 in January and views on current labor market conditions fell for the first time since September.
Other economists are also flagging the heightened possibility of a recession, with Goldman Sachs on August 7 increasing its 12-month recession risk from 15% to 25%.
So, I don't think the U.S. economy's in recession right now." Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022.
A strong job market and a sturdy business climate have left Americans feeling quite jolly this December. Recession fears are starting to fade for Americans Skip to main content
However some believe we can expect a recession to begin later than initially predicted. Fifty-four percent of economists at companies and trade groups predict the chances of a downturn in the next ...
Recession is a burning hot topic right now, but the conversation around it is rather chaotic. Like so many issues, the state of our economy has become a partisan debate, with Republican officials
December 2021: 7.2 percent. December 2022: 6.4 percent. December 2023: 3.4 percent. Inflation is now the lowest it’s been in the past few years, but Americans aren’t out of the financial woods ...
Since the Great Depression, there have been 14 recessions, which are part of the normal economic cycle. Economists keep waffling on whether or not the U.S. is going to head into one in 2024 after ...