Recession Path News Today : Breaking News, Live Updates & Top Stories | Vimarsana

get out the dictionary. we'll define recession for you. here is the bottom line. the biden economy is shrinking as the fed unleashes rapid fire rate hikes to stave off the highest inflation in 40 years. let's get right to it. maria bartiromo joins us now. go ahead and give us the news because they projected .5% on the positive side. the number was a negative .9. >> we are now in recession and we can confirm that because it is two quarters straight of contraction. the economy shrank in the second quarter by 9/10 percent on top of shrinking in the first quarter by 1.6%. now so far all ...

>> shannon: tonight, we begin a ten-part series to look at possible ways to fix the economy. correspondent james rosep on consumer confidence. >> reporter: y2k, the dawn of a new my len number. according to the data kept by the conference board, the peak of american consumer confidence with 144.7 posted in january 2000, the highest measurement every of the crucial statistic since the economists first developed in 1967. >> so they ask consumers various questions about how they stand right now. how they think the economy is going in the future. everybody is kind of gloomy about the future. peopl...