The US Economy Is Booming. Why Are Economists Worrying About a Recession? There is little sign that a recession is imminent. But sky-high demand and supply shortages are testing the economy’s limits.
Strong Job Gains in March Keep a Flame Under the Recovery The U.S. economy added 431,000 jobs and the unemployment rate fell to 3.6 percent. Wages showed sharp gains, but that has been blunted by inflation.
Rising Wages Are Good News for Workers but Put Pressure on the Fed Federal Reserve officials had said that the pace of pay gains would not be consistent with stable inflation if sustained.
The Personal Consumption Expenditure Index Climed 6.4 Percent in February Prices climbed at the fastest pace in four decades over the past year. While economists expect a slowdown, it has yet to materialize.
I Keep Hoping Larry Summers Is Wrong. What if He’s Not? The former Treasury secretary discusses inflation, a possible recession and how the Russia-Ukraine war might exacerbate both.