The U.S. economy has yet to face its biggest recession challenge

The U.S. economy has yet to face its biggest recession challenge

A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. There is no historical precedent to indicate that an … Read more

Here’s how to know if we’re in a recession, and it’s not what you think

Here’s how to know if we’re in a recession, and it’s not what you think

People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Everyone who cares knows that recessions happen when there are two consecutive quarters of negative growth — everyone, that is, except for the people who actually decide when the economy is in recession. For … Read more

Fed officials Waller and Bullard back another big interest rate increase in July

Fed officials Waller and Bullard back another big interest rate increase in July

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers. Fed Governor Christopher Waller left little … Read more

‘More restrictive’ policy likely if inflation fails to come down

‘More restrictive’ policy likely if inflation fails to come down

Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely also would see another 50 or 75 basis point move on top of a 75 basis … Read more

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking. The Fed and its global counterparts have been in a race to tamp down … Read more