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Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the
Is the United States at risk of enduring another recession, just two years after emerging from the last one?
The nation's unemployment rate is at a near-half-century low and employers are posting a record-high number of open jobs. So what might cause an economy with such a healthy labor market to suffer a recession?
For now, even the more pessimistic economists don't expect a downturn anytime soon, but some say the risk is rising.
For now, even the more pessimistic economists don’t expect a downturn anytime soon. Despite the inflation squeeze, consumers — the primary driver of the economy — are still spending at a healthy pace.