Recession

Some of the world's top economists, from former Clinton Treasury Secretary Larry Summers to Minneapolis Federal Reserve President Neel Kashkari, are sounding the alarms on a "soft landing."

A Democratic congressman said during a House Rules Committee markup Wednesday that there was zero inflation last month and the U.S. is not in a recession.

Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on the latest inflation data, which revealed that the pace slowed in July for the first time in months.

The Labor Department is releasing the closely watched consumer price index on Wednesday morning, which is expected to show that inflation slowed but remained high in July.

A New York Federal Reserve survey out on Monday showed that consumers expect inflation to decline sharply over the next year as the central bank raises interest rates.

The employment report from July showed job gains were significantly higher than economists expected.

The Labor Department's July jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for, or already in, a recession.

Mary Daly, president of the San Francisco Federal Reserve Bank, told Reuters that she doesn't feel the effects of inflation because she "has enough."

New applications for unemployment benefits ticked higher last week, evidence that the historically tight labor market is starting to loosen amid record-high inflation.

Federal Reserve officials have said in recent days that they plan to continue hiking rates until there's clear evidence inflation is falling, despite fears of a slowdown.

Optimism on Wall Street has plummeted to the lowest level in five years amid growing fears the Federal Reserve will trigger a deep downturn with its war on inflation.

Wikipedia is restricting new and anonymous from making changes to the page for "recession" following a debate over its exact definition.

The largest warehouse market in America, located in Los Angeles, California, is full as merchandise continues to flood in from across the Pacific Ocean.

Soaring inflation is driving more Americans to live paycheck-to-paycheck, even larger earners as increased wages can't keep up to the prices of goods at the grocery store and gas pump.

Fox News contributor Miranda Devine ripped Democrats on 'Varney & Co.' Monday for allegedly 'lying' about the U.S.'s economic state of a recession.

Fed Reserve Bank of Minneapolis CEO and President Neel Kashkari told CBS' "Face The Nation" Sunday that the current state of inflation is "very concerning."

Federal Reserve Bank of Minneapolis CEO Neel Kashkari said inflation is “very concerning” despite most Americans seeing increased wages and the Federal Reserve must drive down demand.

The personal consumption expenditures index, which is closely watched by the Federal Reserve as it tries to wrestle inflation back to 2%, rose more than expected in June.

The repackaged Inflation Reduction Act of 2022 would raise an estimated $739B over a decade, fight climate change, curb pharmaceutical prices and reduce debt, according to Democrats.

Treasury Secretary Janet Yellen argued that two back-to-back declines in economic growth do not mean the economy is in a recession, even though that is the unofficial sign.