Recession and Depression – Page 33

Income and Spending Rose Less Than Prices in May

After the latest monthly consumer data, some analysts expect a second straight quarter of decline in the U.S. gross domestic product.

At the halfway point of the year, it’s been a historically horrible time for stocks. Bonds are in bad shape, too.

As the Federal Reserve tries to fight high inflation, costly mortgage rates have begun to price people out of the housing market.

Recessions since World War II have lasted just over 10 months each, on average. The last one, which began in 2020, lasted just two months.

Central banks had a longstanding playbook for how inflation worked. In the postpandemic era, all bets are off.