An Earnings Recession Looms

Economic recessions are rare, but periods in which corporate profits fall for at least two consecutive quarters are not

The last time inflation was this high, the Federal Reserve raised rates so much that it put the U.S. into a recession. Will we see a repeat of that today? WSJ’s Dion Rabouin breaks down why the Fed’s next steps are crucial. Photo: Kevin Dietsch/Getty ImagesIt is too early to start worrying about a recession. Worrying about an earnings recession is a different matter.

Economic recessions don’t occur all that often. Since 1948 there have only been a dozen of them, according to the National Bureau of Economic Research’s

That is what Powell is most concerned about.

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