Page 5 - Greg Daco News Today

While President Joe Biden continues to remain defiant that we could very well be headed towards a recession, economists say otherwise in a poll from the Wall Street Journal. "Recession

WASHINGTON (Reuters) — U.S. consumer prices accelerated in May as gasoline prices hit a record high and the cost of food soared, leading to the largest annual increase in nearly

Americans feel the heat as US annual inflation posts largest gain since 1981

US consumer prices accelerated in May as gasoline prices hit a record high and the cost of food soared

The odds of an economic downturn in the United States over the course of the next 12 months are somewhere between 35% and 40%, according to economist Greg Daco.

Recession fears are on the rise, but spending data, unemployment claims, and market expectations signal a downturn is at least several months away.

Shelter costs have been accelerating on an annual basis for the past year.

America's economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis showed Thursday.

America's economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis showed Thursday.

America's economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis showed Thursday.