Recession

A New York Federal Reserve survey out on Monday showed that consumers expect inflation to decline sharply over the next year as the central bank raises interest rates.

The employment report from July showed job gains were significantly higher than economists expected.

The Labor Department's July jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for, or already in, a recession.

Mary Daly, president of the San Francisco Federal Reserve Bank, told Reuters that she doesn't feel the effects of inflation because she "has enough."

New applications for unemployment benefits ticked higher last week, evidence that the historically tight labor market is starting to loosen amid record-high inflation.

Federal Reserve officials have said in recent days that they plan to continue hiking rates until there's clear evidence inflation is falling, despite fears of a slowdown.

Optimism on Wall Street has plummeted to the lowest level in five years amid growing fears the Federal Reserve will trigger a deep downturn with its war on inflation.

Wikipedia is restricting new and anonymous from making changes to the page for "recession" following a debate over its exact definition.

The largest warehouse market in America, located in Los Angeles, California, is full as merchandise continues to flood in from across the Pacific Ocean.

Soaring inflation is driving more Americans to live paycheck-to-paycheck, even larger earners as increased wages can't keep up to the prices of goods at the grocery store and gas pump.

Fox News contributor Miranda Devine ripped Democrats on 'Varney & Co.' Monday for allegedly 'lying' about the U.S.'s economic state of a recession.

Fed Reserve Bank of Minneapolis CEO and President Neel Kashkari told CBS' "Face The Nation" Sunday that the current state of inflation is "very concerning."

Federal Reserve Bank of Minneapolis CEO Neel Kashkari said inflation is “very concerning” despite most Americans seeing increased wages and the Federal Reserve must drive down demand.

The personal consumption expenditures index, which is closely watched by the Federal Reserve as it tries to wrestle inflation back to 2%, rose more than expected in June.

The repackaged Inflation Reduction Act of 2022 would raise an estimated $739B over a decade, fight climate change, curb pharmaceutical prices and reduce debt, according to Democrats.

Treasury Secretary Janet Yellen argued that two back-to-back declines in economic growth do not mean the economy is in a recession, even though that is the unofficial sign.

Harvard University economics professor Kenneth Rogoff discussed what would lead to a deep recession as data revealed a contraction in the U.S. economy in the second quarter.

President Biden reacted to Thursday's GDP report, saying it is “no surprise that the economy is slowing down” amid inflation, despite saying earlier this week that the United States would not be entering a recession.

Second-quarter GDP data will be released on Thursday and it is expected to show that economic growth declined in the spring, which could indicate the economy is in recession.

The Commerce Department released its first reading of second-quarter GDP data on Thursday, offering fresh insight into the health of the U.S. economy as inflation rages.