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The American economy grew at a 2.9% annualized rate in the fourth quarter of 2022, slightly surpassing expectations even as recessionary concerns loom.
The American economy grew at a 2.9% annualized rate in the fourth quarter of 2022, slightly surpassing expectations even as recessionary concerns loom.
 
The Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.5%. Core inflation, which excludes volatile energy and food prices, rose 5.7% on an annual basis.
The Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.5%. Core inflation, which excludes volatile energy and food prices, rose 5.7% on an annual basis.
 
Various polls show that economists generally expect a recession this year, although there is no consensus among leading analysts.
Various polls show that economists generally expect a recession this year, although there is no consensus among leading analysts.
 
Economic shocks continues, as the Fed raises interest rates for the seventh time this year
Economic shocks continues, as the Fed raises interest rates for the seventh time this year
 
Institutional investors are more concerned with stagflation than a recession next year, according to a survey conducted by Natixis.
Institutional investors are more concerned with stagflation than a recession next year, according to a survey conducted by Natixis.
 
White House Chief of Staff Ron Klain insisted that the United States is not in a recession as Democrats make their final pitch days before the midterm elections.
White House Chief of Staff Ron Klain insisted that the United States is not in a recession as Democrats make their final pitch days before the midterm elections.
 
Despite a strong job market, as Meta, Amazon and Disney all cut jobs
 
Two of the major players in the financial industry warned that the U.S. is on the verge of a recession and that the Federal Reserve might well raise the interest rate from its current 3-3.25% all the way to 4.5-4.75%.
Two of the major players in the financial industry warned that the U.S. is on the verge of a recession and that the Federal Reserve might well raise the interest rate from its current 3-3.25% all the way to 4.5-4.75%.
 
With rising interest rates, experts expect the U.K. to remain in a recession into 2024
With rising interest rates, experts expect the U.K. to remain in a recession into 2024
 
Elon Musk predicted a global recession that could last until 2024.
Elon Musk predicted a global recession that could last until 2024.
 
The 2022 election could be critical to changing economic policy choices
 
Tesla CEO Elon Musk discussed a wide range of economic phenomena during a Wednesday earnings call.
Tesla CEO Elon Musk discussed a wide range of economic phenomena during a Wednesday earnings call.
 
Real gross domestic product (GDP) is confirmed to have shrunk at an annualized rate of 0.6% in the second quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis.
Real gross domestic product (GDP) is confirmed to have shrunk at an annualized rate of 0.6% in the second quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis.
 
Atlanta Federal Reserve Bank President and CEO Raphael Bostic said Sunday that the country needs economic pain now to avoid even more pain later.
Atlanta Federal Reserve Bank President and CEO Raphael Bostic said Sunday that the country needs economic pain now to avoid even more pain later.
 
Based on President Joe Biden‘s track record of failed predictions, it would appear a deep recession is incoming.
Based on President Joe Biden‘s track record of failed predictions, it would appear a deep recession is incoming.
 
GDP growth slides another quarter, and investors are increasingly worried about the future of the economy
GDP growth slides another quarter, and investors are increasingly worried about the future of the economy
 
The economy is in the toilet! What will you do? Relax! This is nothing to worry about. We're all just transitioning to a brighter future together!
The economy is in the toilet! What will you do? Relax! This is nothing to worry about. We're all just transitioning to a brighter future together!
 
After the Bank of England announced that it expects the economy of Britain to shrink in the third quarter of 2022, news outlets reported that the country is in a recession — although several American media outlets refused to do the same upon similar news in the United States.
After the Bank of England announced that it expects the economy of Britain to shrink in the third quarter of 2022, news outlets reported that the country is in a recession — although several American media outlets refused to do the same upon similar news in the United States.
 
The last few years have seen an exploding housing market, with the costs of homes surging amid low inventory, but now, experts say the market has taken a turn, and the U.S. has now entered a housing recession.
The last few years have seen an exploding housing market, with the costs of homes surging amid low inventory, but now, experts say the market has taken a turn, and the U.S. has now entered a housing recession.
 
Nearly three-quarters of households profess to be taking financially conservative actions as recessionary pressures impact the American economy, according to a recent survey from Bankrate.
Nearly three-quarters of households profess to be taking financially conservative actions as recessionary pressures impact the American economy, according to a recent survey from Bankrate.
 
More Americans say they are “suffering” economically in 2022 than in 2008, according to a new survey.
More Americans say they are “suffering” economically in 2022 than in 2008, according to a new survey.
 
Johns Hopkins University economics professor Steve Hanke predicted on Monday that America will experience a “whopper” of a recession in 2023 due to manipulation of the money supply by the Federal Reserve.
Johns Hopkins University economics professor Steve Hanke predicted on Monday that America will experience a “whopper” of a recession in 2023 due to manipulation of the money supply by the Federal Reserve.
 
Confidence among home builders fell for the eighth consecutive month, indicating that the United States has entered a housing recession, according to a Monday release from the National Association of Home Builders.
Confidence among home builders fell for the eighth consecutive month, indicating that the United States has entered a housing recession, according to a Monday release from the National Association of Home Builders.
 
Reports indicate that consumer spending is on the downturn, and the latest Civitas Poll shows Americans increasingly worried about their jobs
Reports indicate that consumer spending is on the downturn, and the latest Civitas Poll shows Americans increasingly worried about their jobs
 
Moody's states that the average family is spending nearly $6,000 more than last year.
 
A key measure of inflation rose to a new 40-year high in June, according to new data, marking troubling news for Americans as the economy officially entered a recession on Thursday.
A key measure of inflation rose to a new 40-year high in June, according to new data, marking troubling news for Americans as the economy officially entered a recession on Thursday.
 
President Joe Biden claimed that Thursday’s economic data showing the U.S. has entered a recession is “consistent with the transition to a stable, steady growth and lower inflation.”
President Joe Biden claimed that Thursday’s economic data showing the U.S. has entered a recession is “consistent with the transition to a stable, steady growth and lower inflation.”
 
President Joe Biden suggested that the U.S. economy was not in a recession Thursday despite new economic data showing that the U.S. has entered a recession.
President Joe Biden suggested that the U.S. economy was not in a recession Thursday despite new economic data showing that the U.S. has entered a recession.
 
President Joe Biden’s administration is taking heat for apparent attempts to mask the meaning of a second consecutive quarter of negative growth for the U.S. economy.
President Joe Biden’s administration is taking heat for apparent attempts to mask the meaning of a second consecutive quarter of negative growth for the U.S. economy.
 
Worries over impact of recession grows as Meta, Alphabet look to restrict or freeze hiring
Worries over impact of recession grows as Meta, Alphabet look to restrict or freeze hiring
 
President Joe Biden dismissed talk of a potential recession Monday, ahead of upcoming GDP numbers that many experts anticipate will point to a recession.
President Joe Biden dismissed talk of a potential recession Monday, ahead of upcoming GDP numbers that many experts anticipate will point to a recession.
 
As economic data indicate that the United States is heading for a recession, the White House published a blog post last week that appeared to dismiss the rule-of-thumb recession definition.
As economic data indicate that the United States is heading for a recession, the White House published a blog post last week that appeared to dismiss the rule-of-thumb recession definition.
 
Treasury Secretary Janet Yellen said Sunday that the U.S. economy is not necessarily headed for a recession even if the gross domestic product experiences two consecutive quarters of decline.
Treasury Secretary Janet Yellen said Sunday that the U.S. economy is not necessarily headed for a recession even if the gross domestic product experiences two consecutive quarters of decline.
 
Inflation is at 9.1%, the economy is in a recession, and after a year of back and forth, Senators Joe Manchin (D-WV) and Chuck Schumer (D-NY) agreed to a massive tax and spending bill.
Inflation is at 9.1%, the economy is in a recession, and after a year of back and forth, Senators Joe Manchin (D-WV) and Chuck Schumer (D-NY) agreed to a massive tax and spending bill.
 
Why does it seem we are willing to talk ourselves into a recession?
Why does it seem we are willing to talk ourselves into a recession?
 
Be prepared for more market shocks, tax increases, inflation and pain at the pump
Be prepared for more market shocks, tax increases, inflation and pain at the pump
 
As the 2022-23 school year approaches, the United States economy appears to be sliding into a recession.
As the 2022-23 school year approaches, the United States economy appears to be sliding into a recession.
 
America's GDP has fallen over the last two quarters, stoking fears of a possible recession due to the fact that America is now in a recession.
America's GDP has fallen over the last two quarters, stoking fears of a possible recession due to the fact that America is now in a recession.
 
The GDP (Gross Domestic Product) numbers were released today and it turns out we're in a recession.
The GDP (Gross Domestic Product) numbers were released today and it turns out we're in a recession.
 
he Carolina Journal makes a wide sweeping evaluation of the news that most effects us here in North Carolina, and is distilled, here on BCN, for your clear understanding by the electronic means of video broadcast.
he Carolina Journal makes a wide sweeping evaluation of the news that most effects us here in North Carolina, and is distilled, here on BCN, for your clear understanding by the electronic means of video broadcast.
 
The Biden administration is in denial over looming GDP report, scheduled for Thursday
The Biden administration is in denial over looming GDP report, scheduled for Thursday
 
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