Is the U.S. in a recession? Depends who you ask
💰 Is the United States in a recession?
Well, some of the experts have been doing their best move the past several weeks to explain why we are… or aren’t. But on Thursday, the government confirmed what at least half the experts have been saying - yes, the economy shrank over the first half of 2022 and yes, that means we are likely heading for a now unavoidable recession. Unemployment remains at a 50-year low, but the signs of an impending recession are growing clearer by the day.
According to a recent report by ISS ESG, a full-blown recession has not occurred, but there has been a lackluster performance in a low-growth environment, coupled with high inflation, interest rates, and tighter liquidity due to a recent banking crisis.
The Federal Reserve is on the verge of achieving a rare "soft landing" by curbing inflation without causing a severe recession.
Inflation in the United States has reached its lowest point since early 2021, providing some relief to households after two years of high prices.
The usual economic indicators for a recession aren’t coinciding with what economists are used to… creating mass confusion.
A large swatch of the country’s economists are anticipating a recession in the United States, but the date that comes to fruition is to be a little later than initially expected.
Large retailers such as Home Depot and Walmart are projecting a weaker economy this year due to declining consumer spending.
It’s a strange conundrum, indeed. Economists are scratching their heads at a 3.4% unemployment rate while the rest of the economy teeters on the edge.
The LEI is a composite economic indicator that is designed to predict future economic activity.
The job market has been cooling off and inflation seems to be on the decline, signaling that the Federal Reserve may be less inclined to raise interest rates again and again, mirroring the increases of 2022.
In a 2022 shopping survey conducted by Supply Chain Brain of 3,138 U.S. adults, 50% said that they did not begin holiday shopping until November.
Bob Costello, chief economist and senior vice president for the American Trucking Associations (ATA) is sounding off his opinion on a “short and shallow” recession early next year.
While this is the second week in a row with a very incremental change, many say it’s still better than going up.
According to the U.S. Labor Department, the employment cost index grew by 1.2% from July through September.
UPS Ground, Air, and International services will launch the rate hike beginning on December 27th.
While predictions are that the recession will be “mild”, Former US Treasury Secretary Larry Summers is echoing what many have been stating: a recession is coming, and the public should be prepared.
The World Economy is looking at a twisted road ahead.
Used cars are officially unaffordable for most Americans. Interest rate bumps have forced a number of potential car shoppers to reconsider buying, even what has previously been the most ‘reasonable’ option.
Unemployment remains at a 50-year low, but the signs of an impending recession are growing clearer by the day.
They might be right. FedEx’s sales forecast was full of cost-cutting measures after Q1 profits showed poor performance.
‘Shrinkflation’ is a fun little term to describe what we suspected was true… yes, that container of ice cream did get smaller.
The price of meat has gone through the roof, and Walmart is hoping to ease that inflationary pain of its customers.
Americans have been struggling with rising gas prices since early this year, but finally, they’ve seen the smallest bit of relief.
For the week of August 8th, the Department of Energy’s Energy Information Administration (EIA) recorded a national diesel average cost per gallon of $4.993.
The American job market continues to perplex experts.
While the 2,702-page, trillion-dollar infrastructure bill is quite the feat for the Biden Administration, it seems that it is one of the main catalysts in the highest inflation rate America has seen in 40 years.
Fears of a recession continue to grow as the US economy shrinks for the 2nd quarter of the year, contracting at a 0.9% annual pace.
ACT Research released its Commercial Vehicle Dealer Digest to forecast economic scenarios including a recession as we enter 2023.
Don’t leave the lights on when you leave the room - rising energy costs are causing warehouse managers to reevaluate focus on operational tools such as forklifts and batteries, hoping to reduce expenses.
Despite warnings of an impending recession, the U.S. economy is showing signs of acceleration.