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‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this year. Still,…
If you’re unsure if the U.S. economy is in a recession, you’re not alone. Gross domestic product has declined in back-to-back quarters this year, which is a common signal to market watchers of a recession. But even top experts are debating whether that fact in the current economy amounts to the “R” word this time….
LONDON — European stocks are expected to open in mixed territory on Monday, kicking off August trading on uncertain footing. The U.K.’s FTSE index is seen opening 8 points lower at 7,420, Germany’s DAX up 1 point at 13,478, France’s CAC 40 down 9 points at 6,442 and Italy’s FTSE MIB down 55 points at 22,343,…
The Federal Reserve’s efforts to cool inflation by hiking rates is most likely to lead to a recession, according to respondents of the CNBC Fed Survey. Though some continue to hold up hope of a soft-landing, the majority thinks the economy will begin to contract later this year. Asked whether the Fed’s effort to bring…