Richmond Fed President Tom Barkin said that warnings that the United States is barrelling toward a financial recession are not supported by the current economic data.
risk of recession
A man shops at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Barkin added, "I grew up in Florida. I learned you always prepare for hurricanes, but a lot of them pass and don’t hit you."could be racing toward a recession in the next year, as persistently high inflation and an increasingly hawkish Federal Reserve weighs on growth.
If you think the price you’re paying for gas, groceries, or a candy bar has gone up, you are correct. Inflation is affecting the U.S. now more than ever, and some areas have it worse than others.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
President Biden, Fed Chair Powell meet to address inflationBiden has called inflation his top domestic issue, but has faced criticism from Republicans for not doing enough
Leer más »
Biden to meet Fed chair as inflation bites pocketbooksPresident Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks.
Leer más »
Biden to meet with Fed chairman on inflation, Korean pop supergroup BTS on Asian inclusionPresident Biden will meet with Powell to discuss crushing inflation, and with massively popular South Korean band BTS to discuss Anti-Asian hate crimes
Leer más »
Biden to Meet Fed Chair as Inflation Bites PocketbooksPresident Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks.
Leer más »
Yellen admits being wrong about path of inflation while Biden supports FedTreasury Secretary Janet Yellen backtracked on earlier statements she made on the threat posed by inflation, citing COVID-19 and the war in Ukraine.
Leer más »
Wall Street poised for modest gains as new month and Fed quantitative tightening kick offU.S. stock index futures are mixed as investors wait to see what the start of the Fed's quantitative tightening will bring.
Leer más »