Recession

Team Biden has been working hard this week to spin the bad economic news they knew was coming from the Commerce Department. Bu it's clear now the U.S. is in recession.

GDP contracted for the second consecutive quarter this year, which is the commonly used definition of a recession. Here's what that means for you.

The U.S. economy likely slowed markedly in the second quarter of the year with GDP rising by just 0.5% — or even declining — in the period from April to June.

FTN Financial Chief Economist Chris Low discussed what he believes will prompt the Federal Reserve to stop acting aggressively in an attempt to bring inflation under control.

Rising inflation could push the economy into a recession sooner than economists had previously projected, according to the latest forecast from Fannie Mae.

The Federal Reserve on Wednesday approved another super-sized interest rate hike as it tries to tackle inflation, which hit another record-high in June.

Key Advisors Group LLC co-owner Eddie Ghabour argued that the United States is headed towards a "mild recession,” pointing to recent data for his position.

The United States trade deficit in goods shrank considerably in the month of June after a surge in exports. This news could potentially the fears of a potential recession.

The former top economist in the Trump White House criticized the Biden administration's attempt to downplay recession fears, saying the economy was headed toward a sharp downturn.

Americans for Tax Reform President Grover Norquist sounded off on state inflation relief checks, inflation and the White House's attempts to redefine 'recession.'

The International Monetary Fund warned the global economy could soon fall into a recession amid a confluence of threats, including inflation and the war in Ukraine.

Democrats keep changing the definition of common words. Now Treasury Secretary Janet Yellen wants to redefine the definition of a recession. This tactic will not work.

The Federal Reserve is expected to approve another massive interest rate increase at the end of its two-day meeting on Wednesday as it ramps up its inflation battle.

Tuesday morning brings two major housing reports -- May home prices and home sales for June -- as well as reports measuring July consumer confidence.

The Federal Reserve is expected to raise interest rate this week by an estimated three-quarters percentage point which puts the target range between 2.25% to 2.5%.

The White House said that even if the GDP estimate is negative for a second straight month, it's "unlikely" that the country is in a recession.

Treasury Sec. Janet Yellen predicted Sunday that the Federal Reserve's anti-inflation policies will be "successful" after previously admitting she'd been wrong about inflation.

Treasury Secretary Janet Yellen said Sunday that the "economy is slowing down" but it is not heading for a recession, despite many economists arguing the U.S. is already in one.

Chief Investment Officer of Hennion & Walsh Asset Management Kevin Mahn forecasts data will reveal the U.S. is experiencing a recession on 'Mornings with Maria.'

President Biden's economic team is trying to redefine what constitutes a recession ahead of what is expected to be a dismal second-quarter GDP reading next week.