From Wile E. Coyote to edibles: Recession forecasts are getting weird | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

Understanding the economy is a complicated task -- and even the experts are struggling to answer seemingly simple questions like “Are we on the brink of a recession?”

Understanding the economy is a complicated task, and even the experts are struggling to answer seemingly simple questions like “Are we on the brink of a recession?” or “Why isn’t inflation falling faster?” Many have resorted to the use of metaphor to convey the current complexity of the economy. It’s a communications tactic that some Federal Reserve officials have long favored.

” Do people need to lose jobs to bring down inflation? Last week Senator Elizabeth Warren grilled Federal Reserve Chair Jerome Powell about American job losses being potential casualties of the central bank’s battle against high inflation. Warren, a frequent critic of the Fed’s leader, noted that an additional 2 million people would have to lose their jobs if the unemployment rate rises from its current 3.6% rate to reach the Fed’s projections of 4.6% by the end of the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's only hard to understand because you are all, Reality Deniers. And Liars. 😶

I like Economy

I wonder why the experts seem to know less and less as the days move on.

Look who is in charge and you'll find your answer. Of course we're fucked.

Unfortunately, We Are.

A recession is not usually identified until well after the fact. Highly probable we are in a recession right now.

In the brink 😂

Ummm yes

It’s hard to predict the future so just be prepared: buy at least $1000 of real gold. Keep a few hundreds dollars cash available. Don’t put all your money in stocks, nor keep it all in bank. Invest in some alts like Supervest, Landa, ConcREIT, etc. Don’t just like my post. DO IT.

Yes we are, because during recessions the rich get richer, relative to the poor, & they are ensuring no matter what we have a good ol' recession, for their benefit.

WE ARE SAFE IN GOD'S HANDS...WE SHALL NOT PERISH, WE SHALL BE STRONGER THAN BEFORE. GOD LOVES YOU ❤️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines