News about Recession

From Bloomberg, and as noted just now by @annmarie, worries about high inflation and elevated interest rates are getting in the way of voters’ appreciation for the US #economy’s #growth performance. #EconTwitter @economics pic.twitter.com/j1DaG4JTgO

Bottom line: The US economy is slowing, but it's still very solid. This isn't a recession. It's just more normal growth after a surge in the 2nd half of 2023. -Consumers are back to spending big on services and being choosy on goods -Federal gov't spending is moderating after… pic.twitter.com/uQnUTg1Qmz

Fun fact: The Volcker Fed started cutting rates even as inflation resurged above 10% cause the economy was heading into recession. And it's the recession that got rid of inflation. pic.twitter.com/mobEw3Q1Zy

ANALYST: US GDP DATA SHOWS MIXED SIGNALS: WHILE ECONOMIC GROWTH WAS LOWER THAN EXPECTED, PRICES INCREASED MORE THAN ANTICIPATED