The US Commerce Department recorded two consecutive quarters of declining GDP, but most economists would not call it a recession.
Washington DC | The US economy shrank from April through June for a second straight quarter, contracting at a 0.9 per cent annual pace and raising fears that the nation may be approaching a recession.
The Fed is hoping to achieve a notoriously difficult “soft landing”: An economic slowdown that manages to rein in rocketing prices without triggering a recession.while the economy is showing some weakening, they doubt it’s in recession Some economists have echoed an observation Powell made at his news conference Wednesday: That the economy, looked at as a whole, does not appear to be in the grip of recession.
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