Coin Bureau, relaying another source: Recession will happen

The window it was checked over

NBER-based recession indicator: Federal Reserve Bank of St. Louis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

many of the same inflation drivers then supply shocks appear to be playing out right now the only difference is that back then inflation was only brought under control when paul volcker took the fed's fund rate to nearly 20 today it's at 1.5 percent and things are already beginning to break time to start wrapping this up now i don't mean to be a gloomy guy but the data doesn't lie the us is probably in a recession and we don't need some economic agency to confirm it but let's assume even if we somehow manage to avoid the negative growth for q2 there seems to be near universal agreement that we are heading into a bad recession over the next year the fed is trying to achieve the soft landing of a plane that's being built as it falls from the sky if they're lucky they can perhaps achieve a hard landing but a crash landing is an equally likely scenario now although this analysis was done on the u.s economy other countries are not looking too good either in fact in the case of europe they're perhaps in an even worse position to ride out this economic storm that's because europe is on the brink of an energy crisis that could see the rationing of gas and power in the next few months they're

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